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1 1 (March 13, 2024)

handle is hein.crs/goveoow0001 and id is 1 raw text is: Small Business Administration The SBA provides low-interest, long-term disaster loans to eligible businesses and nonprofit organizations to help them repair, rebuild, and recover from federally declared disasters. U.S. Department of Agriculture The USDA administers programs to support U.S. farm businesses following natural disaster events through direct payments for loss, loans, and cost-sharing to rehabilitate damaged lands. Business Physical Disaster Loans TYPE LOAN AMOUNT INTEREST RATE MATURITIES DIRECT PAYMENTS LOANS COST-SHARE ASSISTANCE Physical property Repair or replace damaged ph ysical property inc uding machinery, equiprnent, xtures, and inventory up to $2 million 8%* (or 4%, if unable to obtain credit elseh erej up to 30 years Livestock Forage Disaster Program (LFP) loss of grazing forage due to drought or hre Emergency Assistance for Livestock, Honey Bees, & Farm-Raised Fish Program (ELAP) Losses nat coverd under LIP or LFP Emergency Farm Loans Production and physical losses due to natural disasters or disease outbreak Emergency Conservation Program (ECP) Restore land used in agrrculturalproduction damaged by a narural disasrer Economic Disaster Loans Economic injury Provide working capital to businesses that have suffered subsania econornic injury up to $2 million up to 30 years Livestock Indemnity Program (LIP) Livestock deaths caused by adverse weather Tree Assistance Program (TAP) Tree, bushandvine damage by natural disasters Emergency Forest Restoration Program (EFRP) Repair darage caused by naural disasters on nonindustrialprivte forestland Department of Commerce DOC includes the National Oceanic and Atmospheric Administration (NOAA), which administers disaster assistance to fishing communities and fishing-related businesses, (e.g., marinas, bait and tackle shops, commercial or charter fishing businesses), and the Economic Development Administration (EDA), which provides disaster recovery assistance to multiple affected parties. Fishery Disaster Assistance Congress directs the Secretary of Commerce to provide assistance to fishing communities following disruptive events that result in fish population declines and economic losses. Department of Housing & Urban Development Community Development Block Grants for Disaster Recovery (CDBG-DR) Congress has provided supplemental funding for long-term disaster recovery for selected incidents under the conventional CDBG program's statutory authority. Although HUD does not allocate CDBG-DR funds directly to businesses, grantees could use CDBG-DR funds to establish programs or administer activities l that provide business assistance or fulfill 4 broader economic revitalization needs. A determined fishery resource disaster includes: an unexpectedly or other change that large decrease in results in significant fish stock biomass loss of fishing access Economic Development Administration Congress has provided supplemental funding for long-term disaster recovery under the EDA's economic adjustment assistance (EAA) program. The EAA program supports a variety of activities, including expenses related to: Restoration of infrastructure** Other forms of disaster assistance for specific areas *OEDA does notprovide EAA grants direct to businesses; grantees coulduse EAA funds for a loan fund for businesses. CDSG-DR funded activities must meet one of the program's national objectives: principally benefit low- and moderate-income persons;** aid in the prevention or elimination of slums or blight; or meet an urgent need by addressing conditions that pose a serious and immediate threat to the health and safety of residents --Typicaly grantees arereuiredtouse 7C01of their funds to satisfy this objective. f EM

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