Loan/Loan Repayment

You may be eligible for 11 forms of assistance.

Forms of Assistance You Can Apply for Online
Expand AllCollapse All
Business Disaster Loans
Show Details
Program Description
The U.S. Small Business Administration (SBA) is responsible for providing affordable, timely and accessible financial assistance to private, non-profit organizations and businesses of all sizes located in a declared disaster area. Financial assistance is available in the form of low-interest, long-term loans for losses that are not fully covered by insurance or other recoveries.

SBA's disaster loans are the primary form of Federal assistance for the repair and rebuilding of non-farm, private sector disaster losses. The disaster loan program is the only form of SBA assistance not limited to small businesses.

Businesses and private non-profit organizations of any size may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory, and other business assets . In some cases, SBA may be able to refinance all or part of a previous mortgage or lien. Loans may also be increased up to 20 percent of the total amount of disaster damage to real estate and/or leasehold improvements, as verified by SBA, to make improvements that lessen the risk of property damage by possible future disasters of the same kind.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes, the SBA offers Economic Injury Disaster Loans (EIDL) up to $2 million to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any physical property damage.

The statutory limit for business loans is $2 million and applies to the combination of physical, economic injury, mitigation and refinancing, and applies to all disaster loans to a business and its affiliates for each disaster.
General Program Requirements
In order to qualify for this benefit program, your business or private non-profit organization must have sustained physical damage and be located in a disaster declared county.
Application Process
Apply online for disaster loan assistance at your own convenience through SBA’s secure Website at https://disasterloan.sba.gov/ela. You may also may completed applications to:

Mail completed applications to:
Processing and Disbursement Center
14925 Kingsport Road
Fort Worth, Texas 76155

Disaster victims can also apply in person at any FEMA-State Disaster Recovery Center, SBA Disaster Loan Outreach Center or SBA Business Recovery Center and receive personal, one-on-one help from an SBA representative. To find a location near you or help applying by mail, please contact our Customer Service Center at 1-800-659-2955 or by e-mail at DisasterCustomerService@sba.gov.

Homeowners and renters applying for assistance in a Presidential disaster declaration must first register with FEMA either online at www.disasterassistance.gov or by phone at 1-800-621-3362.
Program Contact Information
For more information about the disaster loan program or questions on how to apply, please call 1-800-659-2955, email disastercustomerservice@sba.gov or visit www.sba.gov/services/disasterassistance.
Managing Agency
U.S. Small Business Administration http://www.sba.gov
Federal Student Aid Loan and Grant Data
Show Details
Program Description
The National Student Loan Data System (NSLDS) is the U.S. Department of Education's (ED's) central database for Title IV loans and grants. NSLDS receives data from schools, guaranty agencies, the Federal Direct Loan program, and other ED programs. If you receive Title IV Aid, you can use NSLDS to inquire about your Title IV loans and/or grant data.
General Program Requirements
If you receive loans or grants (Title IV Aid) then your record will be viewable in the NSLDS.
Application Process
No application is necessary to view your Title IV Aid information in NSLDS.
Program Contact Information
Please visit the National Student Loan Data System (NSLDS) website for additional information:
http://www.nslds.ed.gov/

If you have further questions, please call:
1-800-4-FED-AID (1-800-433-3243)

Or email:studentaid@ed.gov
Managing Agency
U.S. Department of Education http://www.ed.gov
Home and Property Disaster Loans
Show Details
Program Description
The U.S. Small Business Administration (SBA) is responsible for providing affordable, timely and accessible financial assistance to homeowners and renters located in a declared disaster area. Financial assistance is available in the form of low-interest, long-term loans for losses that are not fully covered by insurance or other recoveries.

Homeowners may apply for up to $200,000 to repair or replace their primary residence to its pre-disaster condition. The loan may not be used to upgrade the home or make additions to it, unless as required by building authority/code. In some cases, SBA may be able to refinance all or part of a previous mortgage (not to exceed $200,000) when the applicant does not have credit available elsewhere, has suffered substantial disaster damage not covered by insurance, and intends to repair the damage. SBA considers refinancing when processing each application. Loans may also be increased by as much as 20 percent of the verified losses (not to exceed $200,000) to protect the damaged real property from possible future disasters of the same kind. Secondary homes or vacation properties are not eligible for home disaster loans; however, qualified rental properties may be eligible for assistance under the business disaster loan program.

Renters and homeowners alike may borrow up to $40,000 to replace damaged or destroyed personal property such as clothing, furniture, appliances, automobiles, etc. As a rule of thumb, personal property is anything that is not considered real estate or a part of the actual structure. This loan may not be used replace extraordinarily expensive or irreplaceable items, such as antiques, collections, pleasure boats, recreational vehicles, fur coats, etc.
General Program Requirements
In order to qualify for this benefit program, To be eligible for SBA assistance, homeowners and renters must have sustained physical damage and be located in a disaster declared county.
Application Process
Apply online for disaster loan assistance at your own convenience through SBA’s secure Website at https://disasterloan.sba.gov/ela. You may also may completed applications to:

Mail completed applications to:
Processing and Disbursement Center
14925 Kingsport Road
Fort Worth, Texas 76155

Disaster victims can also apply in person at any FEMA-State Disaster Recovery Center or SBA Disaster Loan Outreach Center and receive personal, one-on-one help from an SBA representative. To find a location near you or help applying by mail, please contact our Customer Service Center at 1-800-659-2955 or by e-mail at DisasterCustomerService@sba.gov.

Homeowners and renters applying for assistance in a Presidential disaster declaration must first register with FEMA either online at www.disasterassistance.gov or by phone at 1-800-621-3362.
Program Contact Information
For more information about the program or questions on how to apply, please call 1-800-659-2955, email disastercustomerservice@sba.gov or visit www.sba.gov/services/disasterassistance.
Managing Agency
U.S. Small Business Administration http://www.sba.gov
Forms of Assistance without Online Applications
203(h) Mortgage Insurance for Disaster Victims and 203(k) Rehabilitation Mortgage Insurance
Show Details
Program Description
Section 203(h) Mortgage Insurance for Disaster Victims helps survivors in presidentially-designated disaster areas to obtain mortgages to purchase a new home or rebuild their home that was damaged by a disaster.

Section 203(k) Rehabilitation Mortgage Insurance enables homebuyers and homeowners to either finance both the purchase (or refinancing) of a house and the cost of its rehabilitation through a single mortgage, or finance the rehabilitation of their existing home. Money may be used for rehabilitation efforts ranging from relatively minor to virtual reconstruction. Section 203(k) insured loans can finance the rehabilitation of the residential portion of a property that also has non-residential uses and they can cover the conversion of a property of any size to a one- to four- unit structure.
General Program Requirements
In order to be eligible for Section 203(h) Mortgage Insurance for Disaster Victims, you must be a homeowner of a one-family home that was destroyed during a presidentially-declared disaster. The home in question must also be your primary residence.

In order to be eligible for Section 203(k) Rehabilitation Mortgage Insurance, you must be able to make monthly mortgage payments and be rehabilitating a home that is at least one year old.
Application Process
To apply, please contact a Federal Housing Administration (FHA)-approved lender at:
http://hud.gov/ll/code/llslcrit.cfm
Program Contact Information
For more information on the Section 203h Mortgage Insurance for Disaster Victims program, visit:
http://www.hud.gov/offices/hsg/sfh/ins/203h-dft.cfm

For more information on the Section 203(k) Rehabilitation Mortgage Insurance program, visit:
http://www.hud.gov/offices/hsg/sfh/203k/203kmenu.cfm

If you have additional questions, contact our FHA Resource Center at:
http://www.hud.gov/offices/hsg/sfh/fharesourcectr.cfm

Or call:
1-800-CALL-FHA (1-800-225-5342)

You can also locate your local FHA Homeownership Center at:
http://www.hud.gov/offices/hsg/sfh/hoc/hsghocs.cfm You may also email us at:info@fhaoutreach.com
Managing Agency
U.S. Department of Housing and Urban Development http://www.hud.gov/
Business and Industrial Loans
Show Details
Program Description
The purpose of the Business & Industrial (B&I) Guaranteed Loan Program is to improve, develop, or finance business, industry, and employment and improve the economic and environmental climate in rural communities. This purpose is achieved by bolstering the existing private credit structure through the guarantee of quality loans which will provide lasting community benefits.
General Program Requirements
A borrower may be:
  • An individual
  • A cooperative organization, corporation, partnership, or other legal entity organized and operated on a profit or nonprofit basis
  • An Indian tribe on a Federal or State reservation or other Federally recognized tribal group, or
  • A public body.
A borrower must be engaged in or proposing to engage in a business that will:
  • Provide employment
  • Improve the economic or environmental climate
  • Promote the conservation, development, and use of water for aquaculture, or
  • Reduce reliance on nonrenewable energy resources by encouraging the development and construction of renewable energy systems.
Individual borrowers must be citizens of the United States or reside in the U.S. after being legally admitted for permanent residence. Corporations or other non-public body organization-type borrowers must be at least 51 percent owned by persons who are either citizens of the U.S. or reside in the U.S. after being legally admitted for permanent residence. B&I loans are normally available in rural areas.
Application Process
Complete applications should be sent to the USDA Rural Development State Office for the project location. Loan applications can be found by visiting http://www.rurdev.usda.gov/rbs/busp/b&i_gar.htm.
Program Contact Information
A list of offices and additional information can be obtained at:http://www.rurdev.usda.gov/recd_map.html For more information please visit:http://www.rurdev.usda.gov/rbs/busp/b%26I_gar.htm
Managing Agency
U.S. Department of Agriculture http://www.usda.gov/
Farm Emergency Loans
Show Details
Program Description
The emergency loan program aims to help family farmers recover from losses resulting from natural disasters. These loans can be used to:
  • repair or replace buildings or other structures
  • purchase livestock and equipment
  • pay essential farm operating and family living expenses
  • refinance debt, or
  • repair or replace essential household contents damaged in the disaster.
General Program Requirements
To qualify for an Emergency Loan, you must be a U.S. citizen or permanent resident who owns or controls farm/ranch land, who has suffered production or property losses from a natural disaster (including severe drought) and who has been denied a loan by a commercial lender. Applicants must also have an acceptable credit history; not have received debt forgiveness from the Agency; and not have had any controlled substance convictions. For production loss loans, the applicant must have suffered at least a 30 percent loss in yield. Emergency loans may also be made to replace damaged farm/ranch property.
Application Process
Applications for emergency loans must be received within 8 months of the county's disaster or quarantine designation date. To apply for an emergency loan, applicants must submit an application form (FSA-410-1) and business plan, in addition to other forms required to determine eligibility.

You may obtain information about this program and how to apply at:
http://www.fsa.usda.gov/FSA/webapp?area=home&subject=fmlp&topic=efl
Program Contact Information
Or you may contact the FSA program manager directly via phone or email:1-202-720-1632jim.radintz@wdc.usda.gov You may also obtain information through your local FSA office or USDA service center. To locate the office nearest you, visit:http://offices.sc.egov.usda.gov/locator/app?state=us&agency=fsa The Business and Cooperative Programs website is available at:http://www.rurdev.usda.gov/rbs/busp/b%26I_gar.htm
Managing Agency
U.S. Department of Agriculture http://www.usda.gov/
Farm Operating Loans (Direct and Guaranteed)
Show Details
Program Description
The Farm Service Agency (FSA) offers farm operating loans to farmers who are temporarily unable to obtain private, commercial credit. Operating loans may be used to purchase items needed for a successful farm operation. These items include livestock, farm equipment, feed, seed, fuel, farm chemicals, repairs, insurance, and other operating expenses.

Both guaranteed loans and direct loans are available through this program. Eligibility for each type of loan depends on applicant qualifications.

Under the guaranteed loan program, FSA guarantees loans made by conventional agricultural lenders for up to 95 percent of the principal loan amount. The maximum FSA guaranteed operating loan is $1,214,000.

Applicants unable to qualify for a guaranteed loan may be eligible for a direct loan from FSA. Direct loans are made and serviced by FSA officials, who also provide borrowers with supervision and credit counseling. Applicants must show sufficient repayment ability and pledge enough collateral to fully secure the loan. The maximum amount for a direct farm operating loan is $300,000.
General Program Requirements
To be eligible for a farm operating loan (OL) from the Farm Service Agency (FSA) you must:
  • Be a U.S. citizen or permanent resident
  • Not be delinquent on a Federal debt
  • Not have caused a loss to the Government by having a previous Federal debt forgiven
  • Not have a poor history of repaying debts
  • Not have any controlled substance convictions
  • Be the operator of a "family-sized farm" after the loan is closed (see our Glossary Terms for a definition of family-size farm)
  • Not have any outstanding judgments against you
  • Be unable to obtain credit elsewhere.
Applicants must have enough money to repay the loan and enough collateral to fully secure it. Other eligibility criteria apply and can be found on the Farm Service Agency website or by contacting FSA directly.
Application Process
To apply for a direct farm operating loan, submit an application form (FSA-2001) and business plan, in addition to other forms required to determine eligibility.

To apply for a guaranteed loan, visit your lender, who will arrange for the guarantee.
Program Contact Information
For more information about this program and how to apply, visit:http://www.fsa.usda.gov/FSA/webapp?area=home&subject=fmlp&topic=dflop You may also obtain information through your local FSA office or USDA service center. To locate the office nearest you, visit:http://offices.sc.egov.usda.gov/locator/app?state=us&agency=fsa
Managing Agency
U.S. Department of Agriculture http://www.usda.gov/
Farm Ownership Loans (Direct and Guaranteed)
Show Details
Program Description
The Farm Service Agency (FSA) makes farm ownership (FO) loans to farmers and ranchers who temporarily cannot obtain a loan from a bank, Farm Credit System institution, or other lender due to disaster and financial hardship. FSA also makes loans to beginning farmers. Both "guaranteed" and "direct" loans are available though this program. Under the guaranteed loan program, conventional lenders (banks, Farm Credit System institutions, and other lenders) make the loan, and FSA guarantees it for up to 95 percent of the loss of principal and interest. The maximum FSA guaranteed FO loan is $1,214,000. Your lender can tell you if a guarantee is the right loan for you.

Applicants who are unable to qualify for a guaranteed loan may be eligible for a direct loan from FSA. Direct loans are made and serviced by FSA officials using Government funds. FSA provides direct loan customers with supervision and credit counseling so that they have a greater chance to be successful. The maximum direct FO loan is $300,000.
General Program Requirements
To be eligible for a farm ownership loan from the Farm Service Agency (FSA), you must:
  • Be a U.S. citizen or permanent resident
  • Not be delinquent on a Federal debt
  • Not have caused a loss to the Government by having a previous Federal debt forgiven
  • Not have a poor history of repaying debts
  • Not have any controlled substance convictions
  • Be the operator of a "family-sized farm" after the loan is closed
  • Not have any outstanding judgments against you
  • Be unable to obtain credit elsewhere.
Applicants must have enough money to repay the loan and enough collateral to fully secure it. Other eligibility criteria apply and can be found on the Farm Service Agency website or by contacting FSA directly.
Application Process
To apply for a direct farm ownership loan, submit an application form (FSA-2001) and business plan, in addition to other forms required to determine eligibility.

To apply for a guaranteed loan, visit your lender, who will arrange for the guarantee.
Program Contact Information
For more information about this program and how to apply, visit:http://www.fsa.usda.gov/FSA/webapp?area=home&subject=fmlp&topic=dflop You may also obtain information through your local FSA office or USDA service center. To locate the office nearest you, visit:http://offices.sc.egov.usda.gov/locator/app?state=us&agency=fsa
Managing Agency
U.S. Department of Agriculture http://www.usda.gov/
Native American Veterans Housing Loan Program
Show Details
Program Description
The Native American Direct Loan Program makes home loans available to eligible Native American veterans. This loan can be used to purchase, construct, or improve a home on Native American trust land. The home must be your primary residence. It is also possible to use the program to re-finance an existing Native American Direct Loan.
General Program Requirements
Native Americans who may qualify for these loans must be:
  • Enrolled in an American Indian tribe or Alaskan Native village, a Pacific Islander or a Native Hawaiian; or be married to such a person.
  • Veterans (including Reserve and National Guard members who were called to active duty) Veterans must have been discharged under conditions other than dishonorable.
  • Active duty service members.
  • Current Reserve and Guard members (usually after 6 years of reserve service).
  • Commissioned Officers of the Public Health Service and National Oceanic and Atmospheric Administration are considered to be active duty members and veterans, once discharged.
Application Process
If you are inquiring about a new loan, please contact the VA Loan Eligibility Center at 1-888-244-6711.

If you have questions about your existing VA loan, or are a veteran having difficulties paying a non-VA loan, please contact your local Regional Loan Center at http://www.benefits.va.gov/homeloans/rlcweb.asp. You may also call your Regional Loan Center at 1-877-827-3702.

If you know that your tribe has already entered into a Memorandum of Understanding with the VA, obtain your Certificate of Eligibility (COE). Some lenders may be able to help you obtain your COE. If your lender cannot help you obtain your COE you can obtain your COE directly from the VA. To obtain your COE online, use the eBenefits website, https://www.ebenefits.va.gov/. To obtain your COE by mail, print out VA Form 26-1880. To have a blank VA Form 26-1880 mailed to you call 1-888-768-2132.

Once you have obtained your COE you may contact your local housing authority or the VA loan servicing office for your area. The appropriate VA office can be found at http://www.benefits.va.gov/homeloans/rlcweb.asp.
Program Contact Information
If you have questions about the eBenefits website or need help using the website, you may call the eBenefits Help Desk Monday-Friday, 8 a.m. to 8 p.m. Eastern Standard Time at 1-800-983-0937. More information about the Native American Veteran Direct Loan Program is available at:
http://www.vba.va.gov/ro/phoenixlgy/NADL%20Info%20Sheet.htm
Managing Agency
U.S. Department of Veterans Affairs http://www.va.gov/
Rural Housing Loans
Show Details
Program Description
Direct and guaranteed loans may be used to buys, build, or improve the applicant's permanent residence. New manufactured homes may be financed when they are on a permanent site, purchased from an approved dealer or contractor, and meet certain other requirements. Under very limited circumstances, homes may be re-financed with direct loans. Dwellings financed must be modest, decent, safe, and sanitary. The value of a home financed with a direct loan may not exceed the area limit. The property must be located in an eligible rural area. Assistance is available in the States, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, the Commonwealth of Northern Mariana's, and the Trust Territories of the Pacific Islands. Direct loans are made at the interest rate specified in RD Instruction 440.1, Exhibit B (available at http://www.rurdev.usda.gov/SupportDocuments/04401.pdf or in any Rural Development local office).
General Program Requirements
In order to qualify for this benefit program, applicants must have very low, low or moderate incomes. Very low income is defined as below 50 percent of the area median income (AMI); low income is between 50 and 80 percent of AMI; moderate income is below 115 percent of AMI. Families must be without adequate housing, but able to afford the housing payments, including principal, interest, taxes, and insurance (PITI). Qualifying repayment ratios are 29 percent for PITI to 41 percent for total debt. In addition, applicants must be unable to obtain credit elsewhere, yet have an acceptable credit history. You must also be a U.S. citizen or permanent resident.
Application Process
Interested applicants should contact their local USDA Rural Development field office for more information. To obtain contact information for the field office nearest you, visit http://offices.sc.egov.usda.gov/locator/app.

All applications for loans and grants are handled at the local level. For help with an application, contact your Rural Development office at:
202-720-4323
Program Contact Information
For more information about the Guaranteed Loan program, visit:http://www.rurdev.usda.gov/rhs/ For more information about the Direct Loan program, visit:http://www.rurdev.usda.gov/rhs/ More on Rural Development Housing & Community Facilities Programs:http://www.rurdev.usda.gov/rhs/common/program_info.htm#SFH
Managing Agency
U.S. Department of Agriculture http://www.usda.gov/
Rural Housing: Housing Repair Loans and Grants
Show Details
Program Description
The Rural Housing Repair Loans and Grants program provides loans and grants to very low-income homeowners to repair, improve, modernize, or to remove health and safety hazards in their rural dwellings. Loans are arranged for up to 20 years at one percent interest. Grants may be arranged for recipients who are 62 years of age or older and can be used only to pay for repairs and improvements to remove health and safety hazards. Loan/grant combinations may be arranged for applicants who can repay part of the cost. Very low income for this program is defined as below 50 percent of the area median income.
General Program Requirements
The Rural Housing: Housing Repair Loans and Grants program provides loans and grants to very low-income homeowners to repair, improve, or modernize their dwellings or to remove health and safety hazards. Furthermore, you must be a U.S. citizen or permanent resident who lives in a rural area.
Application Process
To apply for a loan or grant online go to http://www.sc.egov.usda.gov, or you may contact your State's Rural Development field office using this office locator tool:
http://offices.sc.egov.usda.gov/locator/app
Program Contact Information
For more information about the housing repair loan program, visit:
http://www.rurdev.usda.gov/rhs/
If you are 62 years or older, you may qualify for a housing repair grant. For more information about this program, visit:http://www.rurdev.usda.gov/rhs/ More on Rural Development Housing & Community Facilities Programs:http://www.rurdev.usda.gov/rhs/common/program_info.htm#SFH
Managing Agency
U.S. Department of Agriculture http://www.usda.gov/
Back to Top