Businesses and residents in the declared disaster area can now apply for low-interest disaster loans from the U.S. Small Business Administration. The disaster declaration covers Baldwin, Escambia and Mobile counties in Alabama, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans: Clarke, Conecuh, Covington, Monroe and Washington in Alabama.

The U.S. Small Business Administration (SBA) announced the opening of a Business Recovery Center (BRC) in Gulf Shores, Alabama on Oct. 2, to help businesses impacted by Hurricane Sally. SBA representatives at the Center can provide information about disaster loans, answer questions and assist businesses in completing the SBA application.

Baldwin County Business Recovery Center

Gulf Shores Activity Center

260 Clubhouse Drive

Gulf Shores, AL 36543

Opens: Friday, Oct. 2 at 8 a.m.

Hours: Sunday-Saturday (7 days a week) 8 a.m. to 8 p.m. (CST)

The SBA has opened a Virtual Disaster Loan Outreach Center/Business Recovery Center to help survivors apply online using the Electronic Loan Application via the SBA’s secure website at https://DisasterLoanAssistance.sba.gov/. Virtual customer support representatives are available to help applicants complete the online application during these hours: Daily, 7AM-7PM Central Time. FOCE-Help@sba.gov Phone: (800) 659-2955

Survivors should contact the SBA’s Disaster Customer Service Center at (800) 659-2955 to schedule an appointment for assistance in completing their loan applications. Requests for SBA disaster loan program information may be obtained by emailing FOCE-Help@sba.gov. The SBA will conduct extensive outreach to ensure that those affected by the disaster have an opportunity to apply for assistance.

What is covered? Who can apply? How much?
Businesses and private nonprofit 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. Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA for mitigation purposes. Eligible mitigation improvements may include a safe room or storm shelter, sump pump, French drain or retaining wall to help protect property and occupants from future damage caused by a similar disaster.

  • PHYSICAL DAMAGES – Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible.
  • ECONOMIC INJURY – Small businesses and nonprofits (Working capital, no physical damages needed to apply). Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
  • HOME DISASTER – Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles
  • INTEREST RATES – Interest rates as low as: 3% for businesses, 2.75 % nonprofit organizations. and 1.188 % for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. Max. loan, $2 million

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.


Disaster loans up to $200,000 are available to homeowners to repair or replace disaster damaged or destroyed real estate. Homeowners and renters are eligible up to $40,000 to repair or replace disaster damaged or destroyed personal property.


Applicants may apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at https://DisasterLoanAssistance.sba.gov/.

REQUIREMENTS:

  • Credit History – Applicants must have a credit history acceptable to SBA.
  • Repayment – Applicants must show the ability to repay all loans.
  • Collateral – Collateral is required for physical loss loans over $25,000 and all EIDL loans over $25,000. SBA takes real estate as collateral when it is available. SBA will not decline a loan for lack of collateral, but requires you to pledge what is available.

Download: SBA LOAN FACT SHEET

Deadlines: The filing deadline to return applications for physical property damage is Nov. 19, 2020. The deadline to return economic injury applications is June 21, 2021.