These areas are eligible for both physical damage loans and Economic Injury Disaster Loans from the Small Business Administration (SBA). Applicants may also be eligible for a loan increase of up to 20% of their verified physical damage amount for mitigation purposes. Chris Stallings, Associate Administrator of the Office of Disaster Recovery and Resilience at SBA, said: “One distinct advantage of SBA’s disaster loan program is the opportunity to fund upgrades reducing the risk of future storm damage. The U.S. Small Business Administration was established in 1953 as a cabinet-level federal agency dedicated solely to small businesses; it provides resources such as counseling services alongside capital access initiatives, according to the official website. The agency seeks to advocate for small businesses across communities while adhering also to plain language standards under federal law according to its official website.