Those unfortunate families who’ve had their homes declared disasters through flooding, hurricane or tornado damage may apply for SBA’s home and personal property financing. These loans, which cap at $200,000, are available for complete repairs and are payable directly to borrowers. Those who make improvements which could prevent future damage (i.e. hurricane panels, going with brick instead of vinyl siding) may qualify for an additional 20% over the total estimation of damages. Residences must be primary dwellings to qualify; vacation properties, time shares and secondary lots are exempt from this financing. Loans are subject to normal SBA lending standards, and are facilitate through approved lenders in all fifty states.