Rumor: SBA loans are only meant for businesses.

Fact

SBA offers loans for homeowners up to $200,000 to repair or replace your primary residence. The loans are customized to your personal financial circumstances. On a case-by-case basis, the SBA may be able to assist with the refinance of your current mortgage(s).

SBA can help renters and homeowners replace household contents (e.g., clothing, furniture and appliances) and vehicles, referred to as personal property.  Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.