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SBA Economic Disaster Loans Available to Businesses and Non-Profit Organizations

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 disastercustomerservice@sba.gov 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.

http://petrawccc.wpengine.com/wp-content/uploads/2019/12/Nov.15-20-080-FL-16183-SBA-Offers-EIDL-Disaster-Assistance.pdf

http://petrawccc.wpengine.com/wp-content/uploads/2019/12/FL_16183-EIDL-Fact-Sheet.pdf

http://petrawccc.wpengine.com/wp-content/uploads/2019/12/Three_Step_Process_SBA_Disaster_Loans.pdf

Dorris A Evans
Public Affairs Specialist
Office of Disaster Assistance – FOCE
U.S. Small Business Administration
(404) 331-0333
Cell (404)695-9986
dorris.evans@sba.gov