Updated Disaster Loan Assistance Information: Description of Loan Types and Dates

Disaster Loan Assistance – Loan Types

  • Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible.
  • Economic Injury Disaster Loans (EIDL) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
  • Home Disaster Loans – Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles.

 

The Application Filing Deadline for Physical Damage Loans are November 20, 2023. The Application Filing Deadline for the Economic Injury Loan is June 20, 2024.

 

Applicants for these loans may apply online, receive additional disaster assistance information and download applications at https://disasterloanassistance.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. In addition, applicants may apply in person at the following Disaster Loan Outreach Centers (DLOCs):


North Andover

North Andover Town Hall

120 Main St.

North Andover, MA 01845


Monday September 25, 11:00am-6:00pm

Tuesday-Friday September 26-299:00am-6:00pm

Saturday September 30, 10:00am-2:00pm


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