SBA provides low-interest business loans of up to $2 million to cover both repair of physical damage and to help a business overcome distaster-related economic injury. Rates will not exceed 4 percent for businesses with no other credit options and repayment terms of up to 30 years are available. If your business property secures and existing mortgage, a refinance of that mortgage can be included in the new loan. For more information, call (800) 659-2955 [TTY (800) 877-8339]
Disaster Unemployment Assistance
Provides unemployment benefits to individuals who have become unemployed as a result of a presidentially declared major disaster. Self-employed persons who cannot work as a result of the disaster can also apply for benefits. For more information, call (877) 872-5627 [TTY (877) 889-5627]
May be available for sole proprietors who have disaster-related damage to vehicles or tools needed for their jobs. For more information, call (800) 632-3362 [TTY (800) 462-7585]
IRS Disaster Relief
May allow you to deduct disaster-related losses from your prior year’s tax return. Filing an amended return may allow you to receive an immediate tax refund.