SBA - U.S. Small Business Administration

11/28/2017 | Press release | Distributed by Public on 11/28/2017 06:14

SBA Offers Economic Injury Disaster Loans to Small Businesses In Florida Affected by Hurricane Irma

ATLANTA - Small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations located in the declared counties of Florida that have suffered financial losses as the result of Hurricane Irma, should consider applying for an Economic Injury Disaster Loan from the U.S. Small Business Administration.

The SBA's Economic Injury Disaster Loans (EIDLs) are designed to help meet working capital needs caused by the disaster and are available regardless of whether the business suffered any physical property damage. These loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits. Examples of eligible industries include but are not limited to the following: bait and tackle shops, charter boats, commercial fisherman, crabbers, fishing guides, hotels, and marinas, owners of rental property, restaurants, retailers, souvenir shops, travel agencies, and wholesalers.

The loan amount can be up to $2 million with interest rates of 3.305 percent for small businesses percent and 2.5 percent for private nonprofit organizations and, with terms up to 30 years. The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources. Loan amounts and terms are set by the SBA and are based on each applicant's financial condition.

Free assistance with reconstructing financial records, preparing financial statements and submitting the loan application is available from any of SBA's partners: Florida Small Business Development Centers (SBDCs), SCORE, Women's Business Centers (WBC), and Veteran's Business Outreach Centers. To determine if the business is located in a declared county, visit this webpage: https://disasterloan.sba.gov/ela/Declarations/Index.

FEMA/SBA Disaster Recovery Centers (DRC)

Hours: 9 a.m. - 7 p.m., Monday - Saturday

Broward County (Mobile DRC)

Broward County/Palm Beach County

Highlands County

Atrium West

Carol Sims Center

Bert J. Harris Agricultural Center

Sunrise, FL 33351

Boynton Beach, FL 33435

Sebring, FL 33875

Closes Tue, Nov 28 at close of business

Lee County

Miami-Dade County

Monroe County

Bonita Springs Recreation Center

Miami-Dade College Kendall Campus

Old Bank of America Bldg.

Bonita Springs, FL 34135

Miami, FL 33176

Big Pine Key, FL 33043

Monroe County (Mobile DRC)

Monroe County

Monroe County

Islamorada Fire Department

Habana Plaza

Marathon, FL 33050

Islamorada, FL 33036

Key West, FL 33040

Orange County

Seminole County (Mobile DRC)

Orange County Bank

Central Branch Library

Orlando, FL 32804

Casselberry, FL 32707

SBA Business Recovery Centers (BRC)

Hours: 9 a.m. - 6 p.m., Monday - Saturday

Broward County/Palm Beach County

Collier County

Duval County

Carol Sims Center

Naples Accelerator

Beaver Street Enterprise Center

Boynton Beach, FL 33435

Naples, FL 34105

Jacksonville, FL 32204

Highlands County

Lee County

Miami-Dade County

Bert J. Harris Agricultural Center

Bonita Springs Recreation Center

Miami-Dade College Kendall Campus

Sebring, FL 33875

Bonita Springs, FL 34135

Miami, FL 33176

Monroe County (Mobile BRC)

Orange County

Pinellas County

Old Bank of America Bldg.

Orange County Bank

The EpiCenter-Pinellas County

Economic Development Center

Big Pine Key, FL 33043

Orlando, FL 32804

Clearwater, FL 33760

St. Lucie County

Florida SBDC at Indian River State College

Port St. Lucie, FL 34986

Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela. Disaster loan information and application forms may also be obtained by calling the SBA's Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to [email protected](link sends e-mail). Loan applications can be downloaded from www.sba.gov/disaster. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline to return economic injury applications is June 11, 2018.

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For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov/disaster.