Disaster Recovery: SBA Loans Available for Renters and Homeowners
This article provides information about low-interest disaster loans and how to apply for them. The information is from Lone Star Legal Aid.
You do not have to own a business to get a loan from the SBA.
If you are a renter or home owner, you may be able to borrow money to repair or replace items damaged or destroyed in the disaster. Home owners may apply for money to repair or replace their homes. You may be able to get a loan to make your home more disaster proof.
For more, see Lone Star Legal Aid's flyer on disaster-related SBA loans.
You usually have 60 days after the disaster to apply. The SBA may extend this date. You must apply by the deadline or you lose your chance.
The first step is to apply to FEMA at (800) 621-3362 or www.disasterassistance.gov.
For more, especially about deadlines, see Lone Star Legal Aid's flyer on disaster-related SBA loans or visit SBA.gov.