59.063: Disaster Assistance Loans (Disaster Relief Appropriations Act)
Overview
Program Number
59.063
Status
Inactive
Last Modified
Aug. 17, 2017
Date Posted
Aug. 13, 2016
Objective
To provide loans to the victims of declared disasters for uninsured or otherwise uncompensated physical damage.
Type of Assistance
E - Direct Loans
Applicant Eligibility
Eligible applicants must have suffered physical property loss as a result of a disaster which occurred in an area declared by the President or SBA. They must also demonstrate an ability and willingness to repay the loan. Individuals, business concerns, charitable and nonprofit organizations are eligible to apply for assistance.
Beneficiary Eligibility
Business concerns, charitable and nonprofit organizations, and individuals.
Agricultural enterprises are ineligible. Home loans for more than $25,000 in Presidential declarations, and loans over $14,000 in Agency declarations must be secured with collateral to the extent possible.
Related Programs
Grant Awards
Disaster Assistance Loans (Disaster Relief Appropriations Act) direct grants
Grant Opportunities