Physical Disaster Loans are a primary source of funding for permanent rebuilding andreplacement of uninsured or underinsured disaster damages to privately-owned real and/or personal property. SBA’s physical disaster loans are available to homeowners,   renters, businesses of all sizes and nonprofit organizations.

Economic Injury Disaster Loans provide necessary working capital until normal operationsresume after a physical disaster.  The law restricts economic injury disaster loans to small businesses only.

A two page PDF Fact sheet can be downloaded here. The actual loan application is only two pages, and it as well as the other supporting document requirements and disclosures can be found here. All in all, it’s a simplified process and the SBA will work with applicants who have trouble providing all of the requested supporting documents. Carl explained that even if a law office didn’t suffer any physical damage, but suffered loss of business because roads were closed preventing it from seeing clients or being open, essentially business interruption, then the economic injury loans were available.

The SBA also has a loan program from homeowners and renters that can be found here .

I want to thank Carl for taking the time to contact the State Bar of Wisconsin and myself to share this information and to give real meaning to the phrase  “I’m from the government and I’m here to help.”