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7(b) Loans
59.008
N/A
To provide loans to the survivors of declared disasters for uninsured or otherwise uncompensated physical damage and economic injury.
This chart shows obligations for the program by fiscal year. All data for this chart was provided by the
administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.
For more information on each of these data sources, please see the
About the data page.
In FY 2022, the SBA approved natural disaster loans totaling over $1.96 billion, which provided disaster loan assistance for 338 disasters throughout the country. The SBA coordinated outreach at several major events including the deadly Kentucky tornadoes and floods, East and Gulf Coast hurricanes, and wildfires in the Pacific West. Additionally, 522 disaster survivors used the SBA’s mitigation option in disaster loans, which serves as an Agency Priority Goal.
For more information about SBA accomplishments, access the SBA Congressional Budget Justification and Annual Performance Report: https://www.sba.gov/document/report-congressional-budget-justification-annual-performance-report
Single Audit Applies (2 CFR Part 200 Subpart F):
For additional information on single audit requirements for this program, review the current Compliance Supplement.
OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.
