SBA Creates Online Recovery Assistance Application

The Small Business Administration created an online application for disaster victims to apply for recovery assistance. The application is available to homeowners and renters whose home or personal property is damaged by an event declared a disaster by the president or the SBA administrator. Businesses and nonprofits can apply for assistance to cover losses to real estate and property, as well as economic injury.

The application provides on-screen help, including a glossary to explain terms that are unfamiliar to the applicant. It also automatically checks for errors and provides prompts when additional information is necessary. The SBA says the electronic loan application is as secure as buying an airline ticket online.

The application is available on the SBA’s secure Web site at https://disasterloan.sba.gov/ela/.