Category: Press Releases
Posted By: Denise Gallagher
U.S. Small Business Administration announced that over $100 million in
low-interest disaster loans have been approved for Florida businesses and
residents affected by Hurricane Irma in Florida. The filing deadline to submit
applications for physical property damage is Nov. 9, 2017. The deadline
for economic injury applications is June 11, 2018. “Currently, 3,466
disaster loans have been approved in the amount of $129,290,900 for affected
survivors. The SBA encourages anyone who has not applied to take action
right away. Our mission is to help businesses and residents rebuild and
resume their normal lives as quickly as possible,” said Frank Skaggs, director
of SBA’s Field Operations Center East in Atlanta.
disaster declaration includes Citrus County, which is eligible for both
Physical and Economic Injury Disaster Loans from the SBA. SBA disaster
loans are available to businesses of all sizes, most private nonprofit
organizations, homeowners and renters to cover uninsured losses from the disaster.
Interest rates are as low as 3.305 percent for businesses, 2.5 percent for
private nonprofit organizations, and 1.75 percent for homeowners and
renters. Loan terms can be up to 30 years. Economic injury disaster loans
are also available to provide disaster related working capital to small
businesses and most private nonprofit organizations. These working
capital loans may be used to pay fixed debts, payroll, accounts payable, and
other bills that could have been paid had the disaster not occurred
be considered for all forms of disaster assistance, applicants should register
online at www.DisasterAssistance.gov
or download the FEMA mobile app. If online or mobile access is
unavailable, applicants should call the FEMA toll-free helpline at
800-621-3362. Those who use 711-Relay or Video Relay Services should call
800-621-3362. Additional information on recovery centers and the disaster loan
program may be obtained by calling 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@example.com.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s
secure website at https://disasterloan.sba.gov/ela.
Loan applications can be downloaded from www.sba.gov.
Completed applications should be returned to a recovery center or mailed to:
U.S. Small Business Administration, Processing and Disbursement Center, 14925
Kingsport Road, Fort Worth, TX 76155. For more information about SBA
recovery assistance, visit www.sba.gov/disaster.