There are three main ways that the SBA and FEMA can help businesses, homeowners and renters recover.

1. Businesses and nonprofit organizations of any size can apply for a low-interest disaster loan of up to $2 million to repair or replace damaged real estate or inventory.

2. Small businesses and nonprofit organizations of any size can apply for Economic Injury Disaster Loans, also up to $2 million. With all of the power outages and evacuations, we know that many small businesses made it through the storm, but they’ve lost significant amounts of business. In many cases, these businesses will be eligible for EIDL loans to help cover their working capital needs, regardless of whether the business suffered property damage.

3. Finally, homeowners can apply for loans of up to $200,000 to repair damaged real estate. Homeowners and renters can also apply to borrow up to $40,000 to repair or replace personal property damaged by the storm. In addition, we can sometimes increase a loan by up to 20 percent to make structural improvements that lessen the risk of property damage by future disasters of the same kind.

Once the disaster declaration is made for your area, there are several ways to apply:

If you are a survivor, it’s important to take that the first step is to register with FEMA, by calling 1-800-621-FEMA or going online to on your computer or mobile device.

Already, we have disaster recovery personnel conducting damage assessments and many more disaster reservists ready to mobilize. In addition, business owners can get free help completing applications and creating plans to rebuild at our local Small Business Development Centers. To find the location nearest you, visit

Our commitment at SBA and throughout the Administration is that we will be there until we get the job done – and we will get it done right. For more about the government-wide response to Sandy, visit