Farm Emergency Loans      
The emergency loan program aims to help family farmers recover from losses resulting from natural disasters. The repayment period for emergency loans is based on the type of loss and the applicant's repayment ability. In most cases, loans for annual operating expenses must be repaid within 12 months, and loans for losses to equipment, livestock, machinery, etc. cannot exceed 7 years. The loan term for losses to real estate cannot exceed 40 years. The interest rate for emergency loans is 3.75%.
 
Home and Property Disaster Loans      
Insurance Proceeds: If you have insurance coverage on your personal property/home, the amount you will receive from the insurance company will be deducted from the total damage to your property in order to determine the amount for which you are eligible to apply to the SBA.
 
Military Reservist Economic Injury Disaster Loan Program      
Federal law requires SBA to determine whether credit in an amount needed to accomplish full recovery is available from non-government sources without creating an undue financial hardship to the applicant. The law calls this credit available elsewhere. Generally, SBA determines that over 90% of disaster loan applicants do not have sufficient financial resources to recover without the assistance of the Federal government. Because the Military Reservist economic injury loans are taxpayer subsidized, Congress intended that applicants with the financial capacity to fund their own recovery should do so and therefore are not eligible for MREIDL assistance.
 
Physical Disaster Loans      
Any business that is located in a declared disaster area and has incurred damage during the disaster may apply for a loan to help repair or replace damaged property to its pre-disaster condition. The SBA makes physical disaster loans of up to $1.5 million to qualified businesses.
 
Rural Disaster Housing Assistance      
Applicants must be without adequate resources to obtain housing or related facilities. Applicants must be unable to secure the necessary credit from other sources at prevailing terms and conditions for residential financing.
 
Rural Housing: Natural Disaster Loans and Grants      
Natural disasters will only include those areas identified by a Presidential declaration. Funds are only available to the extent that funds are not provided by FEMA. Applicants must establish that physical damage was caused by natural disaster. For Section 504 loans/grants, there must be evidence of ownership and verification of income and debts. For grant recipients, evidence of age is required. The applicant must be unable to get credit elsewhere and demonstrate repayment for the loan.
 
Education Consolidation Loans      
Most Federal student loans are eligible for consolidation, including subsidized and unsubsidized Direct and Federal Family Education (FFEL) Stafford Loans, Direct and FFEL PLUS Loans (parent loans), Federal Perkins Loans, Federal Nursing Loans, and Health Education Assistance Loans. Private educational loans are not eligible.
 
PLUS Parent Loans      
Maximum Loan Length: up to 30 years, depending on the amount borrowed and the repayment plan chosen. There are a number of repayment plans offered through the Direct and FFEL programs.
 
Perkins Student Loans      
In order to qualify for this benefit program, you must be a student pursuing a postsecondary educational degree or certificate.
 
Stafford Loans for Students      
A subsidized loan is awarded on the basis of financial need, as determined by the information you submit on the Free Application for Federal Student Aid (FAFSA). If you are eligible for a subsidized Stafford loan you will not be charged interest while you are in school on an at least half-time basis, during a grace period of up to six months after you are no longer enrolled on at least a "half-time" basis, or during certain defined deferment periods. The Federal government pays (subsidizes) the interest during these periods.
 
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