Disaster Relief Loans from GovLoans

by: Michael Saunders

GovLoans is a website created by the United States Federal Government that is designed to serve as the public's gateway to loan program information.

One of the several kinds of loans that are featured in the GovLoans website are Disaster Relief loans.

Here is a list of the disaster relief loans that are available through the GovLoans website:

1) Business Physical Disaster Loans - This type of loan is funded by the Small Business Administration. This loan can be utilized for the repair and rebuilding of non-farm, private sector disaster losses, and is available to all types of business, instead of being restricted to small businesses alone.

Business Physical Disaster loans are intended for private, non-profit organization or businesses in an effort to financially help them repair or replace real property, machinery, equipment, fixtures, inventory, and leasehold improvements.

The SBA can provide up to $2,000,000 in loan amount and extend payment period for up to 30 years.

2) Economic Injury Disaster Loans - The Economic Injury Disaster Loan is provided by the Small Business Administration. This type of loan can administer up to $2,000,000 to small businesses or private, non-profit organizations who have suffered from substantial economic injury as a result of natural disasters, regardless of whether or not the applicant has directly sustained physical damage.

  (continued...)

Disaster Relief Loans from GovLoans
  Page 2

About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Resources

category - Small Business Grants

Small Business Administration's Portable Assistance Program
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.

---

Small Business Administration Background
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.

---

Community Development Credit Unions
A Community Development Credit Union, more commonly known as a CDCU, is a credit financial institution which owned and controlled by its members in an effort to sustain the ability of being able to provide a wide array of financial services.

---

Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.

---