Do SBA loans cover economic losses also?
Yes, but only if you and your business do not have credit available elsewhere and your business qualifies as small as defined by the SBA. The same application is used together with a supplementary form for the economic injury. (See SBA publication DA-3, Economic Injury Disaster Loans for Small Business.) The maximum amount the business and any affiliates may borrow for any one disaster is limited to $1.5 million for both physical damage and economic injury combined.