One thought on “What Can An SBA Physical Disaster Loan Be Used For?

  1. Arti says:

    While you need to show you have regularly made payments on accounts, you don’t need to be too concerned if you have a number of negative marks on your credit report as long as the majority of your accounts are in good standing with the reporting agencies. Business physical disaster loans from the SBA “must help return damaged property to its predisaster condition through repairs or replacements. ” Funds can be used to purchase or repair machinery, equipment, fixtures, inventory, and, of course, building improvements — anything at your physical location that was damaged by the disaster. As stated If you make improvements that help reduce the risk of future property damage from a similar source, you can potentially be eligible for up to a 20% increase in your loan value.

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