Disaster Loan Equity for Territories Act of 2024

This bill amends the Small Business Act to require disaster loan applicants to submit a federal tax return or transcript before loan approval, with a specific exception for residents of U.S. territories (American Samoa, Guam, Puerto Rico, Northern Mariana Islands, U.S. Virgin Islands) who don't pay federal income taxes. Under the new provision, applicants from these territories can receive conditional loan approval without federal tax documents, but must submit tax documents from their territory's tax agency before funds are disbursed. The Administrator must also assist applicants in obtaining these tax documents from federal or territory tax agencies. This change directly affects disaster loan applicants in U.S. territories who are exempt from federal income taxation.