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1 1 (March 3, 2021)

handle is hein.crs/govecmi0001 and id is 1 raw text is: Congressional1 *.Research Service SBA Disaster Assistance for Civil Unrest March 3, 2021 The Administrator of the Small Business Administration (SBA) has the authority-after gubernatorial requests for disaster assistance, including for riots and civil disorders-to issue disaster declarations authorized under the Small Business Act that activate the Small Business Administration's (SBA) Disaster Loan Program. This Insight provides information about SBA disaster declarations and SBA disaster loan types. Table 1 provides historical information on SBA disaster declarations for civil unrest incidents since 1967. The Small Business Act defines a disaster as a sudden event which causes severe danage including but not limited to, floods, hurricanes,. tornadoes, earthquakes, fires, explosions. v olcanoes, windstorms. landslides or mudslides, tidal waves, commercial fishery failures or fishery resour11ce disasters (as determined by the Secretary of Commerce under section 4107(b) of title 16). ocean conditions resulting in the closure of customary fish ing waters. riots, civil disorders or other catastrophes, except it does not include economic dislocations (PL. 85-536, 15 U S.C. 15 §632(k)). In the case of civil unrest, the SBA Administrator may issue: (1) a physical disaster declaration, or (2) an Economic Injury Disaster Loan declaration. SBA Physical Disaster Declaration The SBA Administrator determines whether to issue a SBA physical disaster declaration based on a minimum amount of uninsured physical damage to buildings, machinery, inventory, homes, and other property. Generally, this minimum is 25 homes or businesses (or some combination of the two) that have sustained uninsured losses of 40% or more in any county or political subdivision of a state or U.S. possession. SBA physical disaster declarations make disaster loans available to eligible individuals, households, businesses, and private nonprofit organizations. Congressional Research Service https://crsreports.congress.gov IN11623 CRS INSIGHT Prepared for Members and Committees of Congress -

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