Outreach to businesses and non-profit organizations that may have suffered financial losses, resulting from Hurricane Dorian in the Florida Counties of Franklin, Gulf, Liberty and Wakulla, that occurred August 28, 2019 through September 9, 2019, at the request of the Governor of Florida is underway.
Businesses and private non-profit organizations of any size or type are eligible to borrow up to $2 million for the loss of revenue during Hurricane Dorian.
The economic injury disaster loan is for working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
The disaster economic injury loan interest rates areas, 4.000% for businesses and 2.750% for non-profit organizations and with terms up to 30 years to repay the disaster loan. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email firstname.lastname@example.org for more information on SBA disaster assistance.
Please read the included SBA press release, a SBA Fact Sheet and SBA Three Step Process Disaster Loan Form for more information. The below contact is available to answer any questions that you may have about the SBA disaster assistance loan program.
Dorris A Evans
Public Affairs Specialist
Office of Disaster Assistance – FOCE
U.S. Small Business Administration