Detroit Regional Chamber > Chamber > SBA Offers Disaster Assistance to Businesses and Residents of Southeast Michigan Affected by Severe Storms, Flooding, and Tornadoes

SBA Offers Disaster Assistance to Businesses and Residents of Southeast Michigan Affected by Severe Storms, Flooding, and Tornadoes

July 20, 2021

View the U.S. Small Business Administration Fact Sheet for Disaster Loans

WASHINGTON – Low-interest disaster loans from the U.S. Small Business Administration are available to businesses and residents in Michigan following the announcement of a Presidential disaster declaration due to severe storms, flooding, and tornadoes from June 25-26, 2021.

“The SBA is strongly committed to providing Michigan residents with the most effective response possible to assist businesses, homeowners, and renters with federal disaster loans. Getting businesses and communities up and running after a disaster is our highest priority,” said SBA Administrator Isabella Casillas Guzman.

The disaster declaration covers Washtenaw and Wayne counties in Michigan, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent Michigan counties are eligible to apply only for SBA Economic Injury Disaster Loans: Jackson, Lenawee, Livingston, Macomb, Monroe, and Oakland.

Businesses and private nonprofit organizations of any size may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. Applicants may be eligible for a loan amount increase up to 20% of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements may include a sump pump, elevation, French drain, or retaining wall to help protect property and occupants from future damage caused by a similar disaster. SBA will open a Business Recovery Center (BRC) on Monday, July 19 in Wayne County as indicated below.

Wayne County
Caroline Kennedy Library
24590 George St.
Dearborn Heights, MI 48127

Opening: Monday, July 19 from 1 p.m. to 5 p.m.
Normal Hours: Monday-Friday 8 a.m. to 5 p.m.
Closed: Saturday and Sunday

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.

Disaster loans up to $200,000 are available to homeowners to repair or replace disaster-damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace disaster-damaged or destroyed personal property.

Interest rates are as low as 2.880% for businesses, 2 percent for nonprofit organizations, and 1.625% for homeowners and renters, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at

To be considered for all forms of disaster assistance, applicants should register online at or download the FEMA mobile app. If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362.

Businesses and individuals may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing Loan applications can also be downloaded at Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The filing deadline to return applications for physical property damage is Sept. 13, 2021. The deadline to return economic injury applications is April 15, 2022.


About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit