What is the difference between FEMA and the SBA?
FEMA coordinates the federal governments role in preparing for, preventing, mitigating the effects of, responding to, and recovering from all domestic disasters, whether natural or man-made, including acts of terror. FEMAs Individual Assistance program may provide financial help or direct services to those who have necessary expenses and serious needs if they are unable to meet those needs through other means. Up to $28,800 is available in financial help (adjusted each year) although some forms of assistance have limits. Flood insurance may be required following receipt of assistance. SBA is the federal governments primary source of funds for the long-term rebuilding of disaster-damaged private property. SBA helps homeowners, renters, businesses of all sizes, and private non-profit organizations fund repairs or rebuilding efforts, and cover the cost of replacing lost or disaster-damaged personal property. These disaster loans cover uninsured and uncompensated losses and do not duplicat
