The deadline for applying for Hurricane Sally loans is November 19th


The U.S. Small Business Administration encourages Alabama businesses and residents affected by Hurricane Sally September 14-16, 2020, to submit their property damage loan application by November 19, even if they have not yet reached an agreement with their insurance company .

“Waiting for an SBA application to be submitted could create unnecessary delays in receiving disaster relief and survivors could miss the application deadline. Submitting the loan application is an integral part of the disaster recovery process, ”said Michael Lampton, deputy director of SBA Field Operations Center East.

If a survivor has not paid his insurance claim, the SBA will consider granting a loan for the total loss up to his credit limit. The insurance settlement is used to reduce or repay the loan.

Physical disaster loans are available to homeowners, renters, businesses of all sizes, and nonprofits to repair or replace property, including household items and automobiles, damaged by disasters. For small businesses, small agricultural cooperatives, small businesses involved in aquaculture, and most private nonprofits, the SBA offers economic damage loans to meet the working capital needs caused by the disaster. Economic Injury Disaster Loan Assistance is available regardless of whether the company has suffered any property damage.

The interest rates are only 3 percent for businesses, 2.75 percent for nonprofits, and 1.188 percent for homeowners and tenants with terms of up to 30 years. Loan amounts and terms are determined by the SBA and are based on the financial situation of each applicant.

The Declaration of Disaster applies to Baldwin, Escambia, and Mobile counties of Alabama, which are eligible for both physical and economic damage catastrophe loans from the SBA. Small businesses and most private nonprofits in the following contiguous counties are only eligible for SBA economic damage loans: Clarke, Conecuh, Covington, Monroe, and Washington, Alabama; Escambia, Okaloosa, and Santa Rosa in Florida; and George, Greene and Jackson in Mississippi.

Applicants can apply online using the Electronic Loan Application (ELA) through the SBA’s secure website at To be considered for all forms of disaster relief, applicants should register online at or download the FEMA mobile app. If online or mobile access is not available, applicants should call the FEMA toll-free hotline at 800-621-3362 or (TTY) 800-462-7585. Multilingual operators are available.


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