DEADLINE APPROACHING FOR SBA WORKING CAPITAL LOANS FOLLOWING IRMA

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The filing deadline for federal economic injury disaster loans in Florida as a result of Hurricane Irma on Sept. 9-12, 2017, is June 13.

This disaster declaration includes Florida counties including Charlotte, Collier, Glades, Hendry and Lee. Under this declaration, the U.S. Small Business Administration’s (SBA) Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers.

The loans are for working capital and can be up to $2 million with interest rates of 3.305 percent for eligible small businesses and 2.5 percent for nonprofit organizations, and terms up to 30 years.

Applicants may apply at Disasterloan.sba.gov. Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at (800) 659-2955 or (800) 877-8339 for the deaf and hard-of-hearing, or by sending an email to disastercustomerservice@sba.gov.

Loan applications can be downloaded at www.sba.gov. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.