The law restricts economic injury disaster loans to small businessesonly. The disaster program is SBA's largest direct loan program, and the only SBA program assisting entities other than small businesses. Disaster victims must repay SBA disaster loans. SBA can only approve loansto applicants with a reasonable ability to repay the loan and other obligations from earnings. The terms of each loan are established inaccordance with each borrower's ability to repay.
Renters are eligible for personal property loans.
These loans are available only if the business or its owners cannot obtain this type of assistance from non-government sources. Generally, for individuals, that will include a lien on the applicant's real estate. However, loans will not be declined for lack of a fixed amount of collateral. They depend on whether or not you could recover from yourdisaster damage with your own funds or have the ability to borrow through non-government sources. Not Available Elsewhere.