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Do you have to show receipts for SBA disaster loan?

They should be in the loan packet the SBA gives you. Save receipts from any purchases you make with your loan for 3 years after your loan has been fully disbursed. You will need to show how you spent 80% of your loan.

Can SBA disaster loan be used for anything?

SBA disaster loans can be used to repair or replace the following items damaged or destroyed in a declared disaster: real estate, personal property, machinery and equipment, and inventory and business assets.

What can SBA disaster loan not be used for?

The loans may not be used to upgrade homes or make additions unless as required by local building authority/code. Loans may be increased up to 20 percent of the total amount of physical loss, as verified by SBA, to make improvements that lessen the risk of property damage by future disasters of the same kind.

Can I use SBA disaster loan for personal use?

Renters and homeowners may borrow up to $40,000($100,000 for Disasters declared on or after July 31st) to replace or repair personal property such as clothing, furniture, cars and appliances damaged or destroyed in a disaster.