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 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.

---

Small Business Administration's Recovery Capital Loans
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.

---

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.

---

Federal and State Technology Partnership Program
The Federal and State Technology Partnership Program works around the objective of being able to boost and strengthen the technological competitiveness of small business establishments in the United States of America.

---