SBA Disaster Loan - A complete guide to Small Business Administration - SBA Disaster Loan Program

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What is the SBA Disaster Loan Program?


SBA disaster loans are low-interest rates with long-term business loans available to business owners, homeowners, and renters who need affordable funding after a declared disaster.

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states can apply for an Economic Injury Disaster Loan.

The EIDL program provides economic relief to businesses currently experiencing a temporary loss of revenue due to COVID-19 or other declared disaster.

In this guide, we dive into the details about Small Business Administration SBA disaster loans, including the different types, who qualifies, and how you can apply for one in your business time of need.

Who can apply for SBA Disaster Loan Program

For-profit, nonprofit, homeowner, and renters located in a declared disaster area and suffered a substantial economic injury are eligible for an SBA Economic Injury Disaster Loan (EIDL) or SBA Disaster Loan Program.

With this type of SBA disaster loan, you can acquire funding to repair or replace your primary residence or other personal property damaged destroyed in a disaster.

Loan Application

We are currently accepting new SBA Disaster Loan applications. To start, please fill out this form or call @ +1 (888) 528-0045 for more information.

3 Years
1 Year

To apply, you will provide a handful of information and documents about your business and yourself.

What is the cost of the SBA disaster loan program

Loan rates are fixed for the complete term of the loan and may vary from disaster to disaster with market conditions. Currently, rates vary from approximately 3% to 6%.


  • 3.75% for businesses (fixed)
  • 2.75% for nonprofits (fixed)


  • 30 years
  • No pre-payment penalty or fees


  • Required for loans over $25,000
  • SBA uses a general security agreement (UCC) designating business assets as collateral, such as machinery and equipment, furniture and fixtures, etc.

If you’ve been impacted by the COVID-19 pandemic, learn more about COVID-19 Loan Programs.

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