NICAR’s Small Business Administration (SBA) Disaster Loans data is now updated with loans approved through February 18, 2016.
The disaster loans are the only form of SBA assistance not limited to small businesses; the loans help homeowners, renters, businesses and nonprofit organizations finance their rebuilding after a federally-declared disaster has destroyed their property. The data contains information on the borrower, including name and address (although not necessarily the address of the damaged property); whether or not the damaged property is a home or business; the date and total amount approved for the loan; and the declared disaster that caused the damage.
Journalists use the data to follow money that flows into a community hit by a disaster, to track trends, to identify those who received loans in their community and find starting points to investigate disaster spending. You can also uncover what types of businesses had the most post-disaster loan approvals and determine how much rebuilding is planned.
Disaster loan stats:
- In 2015, the SBA approved over $400 million worth of loans to just over 9,000 homeowners and 1,100 businesses.
- Since the beginning of 2013, drought-related disasters have resulted in 133 businesses in 18 states receiving almost $24 million in loans.