Home Disaster Loans: Available to homeowners or renters to repair or replace real estate or personal property damaged in the disaster, including vehicles. The SBA says its regulations limit home loans to $200,000 (repair or replacement of real estate) and $40,000 (repair or replace personal property), respectively.
Business Physical Disaster Loans: Available to businesses of any size to repair or replace property owned by the business, including real estate, inventories, supplies, machinery and equipment, that was damaged by the disaster, the SBA says. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible. Business loans are limited to $2,000,000 and apply to the combination of physical and economic injury. The limit applies to all disaster loans to a business for each disaster.
Economic Injury Disaster Loans (EIDLs): These are working capital loans available to small businesses and non-profit organizations to help them meet their ordinary and necessary financial obligations and assist them through the disaster recovery period, the SBA says. The loans are limited to $2 million and apply only to the economic injury determined by SBA, less business interruption insurance and other qualified financial assistance. EIDL assistance is available only to those who cannot provide for their own recovery.