1/6/2024 0 Comments Sba loan status![]() 3 While the type of declaration may determine what types of loans are made available, declaration type has no bearing on loan terms or loan caps. Stafford Disaster Relief and Emergency Assistance Act (the Stafford Act) 2 and three types of SBA declarations. These include two types of presidential declarations as authorized by the Robert T. There are five ways in which the SBA Disaster Loan Program can be put into effect. SBA Disaster Loan Program: General Information and Questions How Is the Program Put into Effect? Lindsay, and Sean Lowry and CRS Insight IN11357, COVID-19-Related Loan Assistance for Agricultural Enterprises, by Robert Jay Dilger, Bruce R. Lindsay CRS Report R46284, COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options, by Robert Jay Dilger, Bruce R. For more specific information about SBA disaster assistance for COVID-19, see CRS Insight IN11370, SBA EIDL and Emergency EIDL Grants for COVID-19, by Bruce R. This report provides general information about the SBA Disaster Loan Program. SBA disaster loans include (1) Home and Personal Property Disaster Loans, (2) Business Physical Disaster Loans, and (3) Economic Injury Disaster Loans (EIDL). ![]() 1 The SBA Disaster Loan Program is also designed to help small agricultural cooperatives recover from economic injury resulting from a disaster. Authorized by the Small Business Act, the SBA Disaster Loan Program has been a source of economic assistance to businesses, nonprofit organizations, homeowners, and renters as they repair or replace property damaged or destroyed in a federally declared disaster. This report responds to frequently asked questions about the Small Business Administration (SBA) Disaster Loan Program.
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