How soon will I know if I qualify for a loan?

That depends on how soon you file a complete SBA loan application. The SBA disaster relief program is not an immediate emergency relief program such as Red Cross assistance, temporary housing assistance, etc. It is a loan program to help you in your long-term rebuilding and repairing. To make a loan, we have to know the cost of repairing the damage, be satisfied that you can repay the loan, and take reasonable safeguards to help make sure the loan is repaid. The SBA loan application asks for the information we need. The faster you return it with all the needed information, the faster we can work on it. We try to make a decision on each complete application within seven to 21 days. Applications filed early can be completed in a much shorter time. We process applications in the order received, so file early. Be sure your application is complete; missing information is the biggest cause of delay.

Get the Info That Matters Most to You With SBA Direct

Find information on:

(Select your topics)

Get Local Assistance Right in Your Area

Counseling, mentoring, and training from an SBA District Office, SCORE Chapter, Small Biz Development Center or Women’s Biz Center in your area.


join the community

  No relevant media for this area.

Reynolds Polymer Technology, Inc. started out as a division of a larger company in the early 1980s focused on manufacturing acrylic windows for...
Brown’s Brewing Company owners Garry and Kelly Brown at their Hoosick Falls, NY production facility
Twenty-three years ago, Kelly and Garry Brown’s wedding toast was made with a different drink than traditional champagne: Garry’s home-...
After eight years, Tanya Chemodurow finally has a place to hang her kimono.    Sitting in Tanya’s very modern office at Abatement...