Disaster Loans Program Account
Dept. of Commerce – Small Business Administration
Wildfire-Specific Spending: No
Wildfire Activities Funded: Mitigation, Recovery
111,613
TOTAL APPROPRIATIONS (IN MIL)
FY2015 – FY2024
Description
This Disaster Loans Program provides low interest loans to businesses and homeowners in declared disaster areas for physical repairs, financial obligations or operating expenses, and to mitigate future disasters. The program may becomes available when the President issues a major disaster declaration or when the Small Business Administration (SBA) Administrator makes a certain declaration.Additional Program Notes & TCS Insights
Funding for the SBA Disaster Loan Account does not lapse at the end of the fiscal year, rather any remaining funds are rolled over to the next fiscal year. In addition to appropriations, the account receives revenue from disaster loan payments, including interest on the loans.Appropriations
Regular | Supplemental | IIJA | IRA | |
FY2015 | 186,900,000 | 0 | — | — |
FY2016 | 186,900,000 | 0 | — | — |
FY2017 | 186,000,000 | 450,000,000 | — | — |
FY2018 | 0 | 1,659,000,000 | — | — |
FY2019 | 10,000,000 | 0 | — | — |
FY2020 | 177,100,000 | 70,582,000,000 | — | — |
FY2021 | 168,075,000 | 35,460,000,000 | — | — |
FY2022 | 178,000,000 | 1,189,100,000 | 0 | 0 |
FY2023 | 179,000,000 | 858,000,000 | 0 | |
FY2024 | 143,000,000 | 0 | 0 | |
FY2025 | 0 | |||
FY2026 | 0 |
Last Updated: October 17, 2024
Received Infrastructure Investment and Jobs Act (IIJA) Funding: No
Received Inflation Reduction Act (IRA) Funding: No