Small Business Administration Disaster Recovery
Connecticut's SBA Disaster Recovery program offers loans to help businesses and individuals recover from major or localized disasters after official declarations.
Funder: Connecticut Division of Emergency Management and Homeland Security
Due Dates: Rolling (available after disaster declarations)
Funding Amounts: Loan amounts and terms vary based on disaster impact and applicant eligibility; supports both businesses and individuals.
Summary: Provides SBA disaster recovery loans to Connecticut businesses and individuals affected by major or localized disasters.
Description
The Small Business Administration (SBA) Disaster Recovery program, coordinated by the Connecticut Division of Emergency Management and Homeland Security, offers financial recovery loans to Connecticut businesses and individuals impacted by disasters. Loans are available following a disaster declaration—either a federal declaration (through FEMA) or a state-requested SBA-only declaration for smaller incidents. The program covers a wide range of disaster scenarios, from major regional events to localized incidents like building fires or small-scale flooding, helping affected parties recover and rebuild.
