The SBA Disaster Relief Program provides low-interest disaster loans to help businesses and homeowners recover from declared disasters. If you are a small businesses or nonprofit organization that has suffered substantial economic injury as a result of the Coronavirus (COVID-19) pandemic, you may be eligible for the Covid-19 Economic Injury Disaster Loan (EIDL). This is a direct loan between your business and the SBA.
The SBA also provides low-interest disaster loans to businesses of all sizes, private non-profit organizations, homeowners, and renters. SBA disaster loans can be used to repair or replace the following items damaged or destroyed in a declared disaster: real estate, personal property, machinery and equipment, and inventory and business assets.
If you are a current Jefferson Bank customer, our lending team is here to help you through the process if you have questions.