Premium rates are generally lower than standard actuarial rates. Businesses of any size are eligible. Nonprofit organizations, such as charities, churches, and private universities, are also eligible. Applicants must show the ability to repay all loans. Loan amounts may be increased by up to 20 percent for mitigation measures.
Assistance is available only to applicants with credit unavailable elsewhere.
Applicants must be eligible small businesses according to SBA size standards. Direct and guaranteed loans, grants, and rural business enterprise grants to businesses and cooperatives affected by natural disasters. Applicants must be in rural areas or in towns with populations under 50,000. Preference is given to applicants in open country, rural communities, and towns of 25,000 population and fewer. Assistance is subject to the availability of funds.