Small business administration12/13/2022 The counties eligible for both Physical and Economic Injury Disaster Loans from the SBA include Charlotte, Collier, DeSoto, Hardee, Hillsborough, Lee, Manatee, Orange, Osceola, Pinellas, Polk, Sarasota and Seminole counties, which are FEMA disaster-declared counties.Īdditional counties that are eligible for SBA Economic Injury Disaster Loans include Brevard, Broward, Glades, Hendry, Highlands, Indian River, Lake, Miami-Dade, Monroe, Okeechobee, Pasco, Sumter and Volusia counties.ĭisaster loans up to $200,000 are available to homeowners to repair or replace disaster-damaged or destroyed real estate. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage. The SBA also offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster for small businesses and nonprofits. Eligible mitigation improvements may include a safe room or storm shelter, sump pump, elevation, retaining walls, and landscaping to help protect property and occupants from future damage caused by a similar disaster. “Business owners can meet in person with our specialists to apply for SBA disaster loans and get information on the full breadth of our programs designed to help them navigate their recovery.”īusinesses and private nonprofit organizations are able to borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory and other business assets - categorized as an SBA Physical Injury Disaster Loan.Īpplicants may also be eligible for a loan amount increase up to 20% of their physical damages, as verified by the SBA, for future mitigation purposes. “Our Business Recovery Centers are one of the most powerful resources at SBA’s disposal to support business owners in the midst of a disaster,” associate administrator of the Office of Disaster Assistance Francisco Sanchez Jr. The center will remain open until further notice. The Tampa center is the first of many Business Recovery Centers that will open in the affected counties. The recovery center will provide one-on-one assistance to businesses impacted by Hurricane Ian, including guidance on how to submit a disaster loan application. at the Chloe Coney Urban Enterprise Center. Small Business Administration ( SBA) announced Monday it will open a Business Recovery Center in Tampa, with operations starting at 9 a.m.
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