SBA disaster press release - SBA Working Capital Loans Available in Florida for Secretary of Agriculture Disaster Declaration Due to Freeze, Frost and Ice in January
SBA disaster press release - SBA Working Capital Loans Available in Florida for Secretary of Agriculture Disaster Declaration Due to Freeze, Frost and Ice in January
Good afternoon,
The attached FOCE press release was issued to the media today. The U.S. Small Business Administration announced today that Economic Injury Disaster Loans (EIDLs) are available in Florida for small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofit organizations due to freeze, frost and ice that occurred on Jan. 23-31, 2022.
The declaration covers the primary counties of Broward, Collier, DeSoto, Glades, Hardee, Hendry, Highlands, Hillsborough, Indian River, Manatee, Martin, Okeechobee, Osceola, Palm Beach, Polk, Saint Lucie and Sarasota in Florida; and the adjacent counties of Brevard, Charlotte, Lake, Lee, Miami-Dade, Monroe, Orange, Pasco, Pinellas and Sumter in Florida.
Under this declaration, the SBA’s 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. Apart from aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, and ranchers.
The loan amount can be up to $2 million with interest rates of 2.83 percent for small businesses and 1.875 percent for private nonprofit organizations, with terms up to 30 years. 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. The loans are not intended to replace lost sales or profits.
Applicants may apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at DisasterLoanAssistance.sba.gov/ela/s/ and should apply under SBA declaration # 17376.
Please call if you have any questions.
All the best,
Julie Garrett
Public Affairs Specialist
Field Operations Center - East
U.S. Small Business Administration
(404) 331-0333
Cell (404) 895-7345
julie.garrett@sba.gov
