Disaster Relief Loans from GovLoans
Page 2

3) Emergency Farm Loans - This type of loan program is still funded by the Small Business Administration and it is designed to help family farmers recover from losses obtained during natural disasters.

The loan amount administered under this program cannot exceed the maximum amount of $500,000 and can only be utilized for:

a) Repairing and replacing affected buildings and other structures

b) Buying livestock and equipment

c) Paying vital farm operating costs and family living expenses

d) Refinancing debts

e) Repairing and replacing fundamental household contents that have been directly damaged in the disaster

4) Home and Property Disaster Loans - This type of loan is geared towards the provision of loaned funds to homeowners whose homes have been damaged during natural disasters. This type of loan can provide loan funds amounting to $200,000 depending on the extent of the damages incurred by the property.

5) Military Reservist Economic Injury Disaster Loan Program - The purpose of this loan is to loan funds to eligible small businesses in an effort to help them meet their ordinary and necessary operating expenses that it was supposed to meet, but failed to do so in the process, for the reason that one or some of its employees have been called to active duty in their role as a military reservist.

To read more about the eligibility and application requirements of these loan programs, kindly visit http://www.govloans.gov/loans/type/4.


Disaster Relief Loans from GovLoans
  Back to Page 1

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

Community Development Financial Institutions
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.

---

Common Bean Productivity Research for Global Food Security Competitive Grants Program
In keeping with this mission, the National Institute of Food and Agriculture has recently established the Common Bean Productivity Research for Global Food Security Competitive Grants Program in an attempt to develop approaches and methods that can efficiently address the various challenges facing common bean (Phaseolus vulgaris) production among small holder producers in food insecure countries.

---

Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.

---

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.

---