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Does the SBA make loans to individual or just businesses?

April 26, 2017businesses individual Loans SBA

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Does the SBA make loans to individual or just businesses?

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he SBA can loan money to homeowners, renters, and business owners. Homeowners may borrow up to $200,000 for disaster related home repairs. Homeowners and renters may borrow up to $40,000 to replace disaster-damaged personal property including vehicles. The SBA may not duplicate benefits from your insurance or FEMA. You may receive an SBA referral when you apply with FEMA.