Disaster Assistance for Iowa Businesses & Residents affected by the Derecho August 10 Deadline: October 19, 2020

Businesses

Property Damage: up to $2,000,000 to repair or replace real estate, machinery and equipment, inventory and other assets that were damaged or destroyed (available to businesses of any size and private, non-profit organizations).

Economic Injury: only for small businesses and most private non-profit organizations suffering adverse financial impacts of the disaster (with or without property loss), up to $2,000,000 for working capital to help pay obligations until normal operations resume.

Individuals and Families

Homeowners: up to $200,000 to repair or replace real estate damage and up to $40,000 to replace personal property.

Renters: up to $40,000 to repair or replace personal property.

WHAT YOU NEED TO DO IF YOU HAD DAMAGE

♦ Register with FEMA at www.disasterassistance.gov. This is the fastest way to register for help.

How to apply:

  • Online, visit www.DisasterAssistance.gov.
  • On a smart phone, download the FEMA app and click on “disaster resources,” then “apply for assistance online.”
  • By phone, call FEMA’s toll-free registration line at 800-621-3362 or (TTY) 800-462-7585; or use 711 or Video Relay Service (VRS). Telephone registration is available from 7 a.m. to 10 p.m. Central Daylight Time seven days a week.
  • Visit a Disaster Recovery Center and speak to a FEMA specialist one-on-one. To find the nearest DRC, go online to FEMA.gov/DRC.

 

During Presidentially declared disasters the US Small Business Administration provides low interest rate loans for homeowners, renters as well as businesses of all sizes including most private nonprofit organizations.   

 

Homeowners and renters should submit their SBA disaster loan application, even if they are not sure if they will need or want a loan. If SBA cannot approve your application, in most cases we refer you to FEMA’s Other Needs Assistance (ONA) program for possible additional assistance.