The Small Business Administration is providing disaster assistance loans to businesses and non-profits affected by Tropical Storm Debby. Businesses can borrow up to $2 million to repair property damage or replace assets. Economic injury loans of up to $2 million are also available for working capital regardless of property damage. Interest rates are 3-4% with terms of up to 30 years. Disaster Recovery Centers are open for in-person assistance from SBA representatives who can help applicants complete loan applications online or in-person.
The Small Business Administration is providing disaster assistance loans to businesses and non-profits affected by Tropical Storm Debby. Businesses can borrow up to $2 million to repair property damage or replace assets. Economic injury loans of up to $2 million are also available for working capital regardless of property damage. Interest rates are 3-4% with terms of up to 30 years. Disaster Recovery Centers are open for in-person assistance from SBA representatives who can help applicants complete loan applications online or in-person.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online from Scribd
The Small Business Administration is providing disaster assistance loans to businesses and non-profits affected by Tropical Storm Debby. Businesses can borrow up to $2 million to repair property damage or replace assets. Economic injury loans of up to $2 million are also available for working capital regardless of property damage. Interest rates are 3-4% with terms of up to 30 years. Disaster Recovery Centers are open for in-person assistance from SBA representatives who can help applicants complete loan applications online or in-person.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online from Scribd
Businesses and private non-profit organizations of any size may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory, and other business assets due to Tropical Storm Debby.
ECONOMIC INJURY / WORKING CAPITAL
Economic Injury Disaster assistance is available regardless of whether the business suffered any physical property damage. For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes suffering adverse financial impacts as a result of the disaster, the SBA offers Economic Injury Disaster Loans up to $2 million for working capital to help pay obligations until normal operations resume. Interest rates are as low as 3 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicants financial condition.
FLORIDA DISASTER RECOVERY CENTERS
Disaster Recovery Centers are open Monday through Saturday, 8 a.m. to 6 p.m. and Sunday, 12 p.m. to 6 p.m. (until further notice)
SBA DISASTER ASSISTANCE AVAILABLE TO BUSINESSES
SBA customer service representatives will be at Disaster Recovery Centers to meet disaster affected business owners. SBA will answer specific questions about how a disaster loan may help each business recover from the disaster damage and/or economic impact, and will provide one-on-one assistance in completing applications for these loans. Applicants may apply online using the Electronic Loan Application (ELA) via SBAs secure website at https://disasterloan.sba.gov/ela. For more information including Disaster Recovery Centers locations and hours of operation, contact SBA Disaster Assistance Customer Service Center at (800) 659-2955 or (800) 877-8339 for the deaf and hard-of-hearing or disastercustomerservice@sba.gov.