"SBA's Disaster Loan Program (DLP) is the primary federal program for funding long-range recovery for private sector, nonfarm disaster victims. Eligible losses include under or uninsured damages and can not duplicate benefits received from another source (i.e. insurance recovery, FEMA, etc The Small Business Act authorizes SBA to make available the following two types of disaster loans: (1) physical disaster home loans to homeowners, renters, and businesses of all sizes, and (2) economic injury disaster loans to small businesses. Homeowners and renters can borrow up to $40,000 for repair or replacement of household and personal effects. Homeowners can also borrow up to $200,000 to repair or replace a primary residence. Businesses of all sizes can borrow up to $1.5 million to repair or replace disaster damaged real estate, machinery and equipment, inventory, etc. Small businesses can borrow up to $1.5 million for disaster related economic injury resulting from the declared disaster. The combined loans to a business for physical loss and economic injury cannot exceed $1.5 million. Homeowners and businesses must provide reasonable assurance that they can repay the loan out of personal or business cash flow, and they must have satisfactory credit and character". (GAO, Natural Disaster: Public Policy Options..., Nov 2007, 16)