Low-interest economic injury disaster loans are available to Florida small businesses, small agricultural cooperatives, small aquaculture businesses and most private nonprofit organizations affected by the Orlando attack on June 12, 2016.
SBA Administrator Maria Contreras-Sweet made the loans available following a request from Florida Gov. Rick Scott on June 22 for a disaster declaration by the SBA. The declaration covers Orange County and the neighboring counties of Brevard, Lake, Osceola, Polk, Seminole and Volusia in Florida.
“The Small Business Administration stands side-by-side with the people and businesses of Orlando as they begin to recover from this senseless tragedy. SBA is strongly committed to providing an effective, targeted and customer-focused response in order to help small businesses and nonprofits impacted by the attack,” said Contreras-Sweet. “Getting Orlando’s businesses and the surrounding community up and running after a disaster is our highest priority at SBA.”
Applications and program information are available by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing firstname.lastname@example.org. Loan applications can also be downloaded from the SBA’s website at www.sba.gov/disaster. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
“The SBA can help affected small businesses and nonprofit organizations overcome their economic losses by offering working capital loans, but the help cannot start until they submit an SBA Disaster Loan application to us,” said Wilfredo Gonzalez, SBA’s North Florida district director.
Eligible entities may qualify for loans up to $2 million. The SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. The rates on these loans are 2.625 percent for nonprofit organizations and 4 percent for small businesses with terms up to 30 years. The SBA determines eligibility for the loans based on the size and type of business and its financial resources.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.
The deadline to return economic injury applications is March 23, 2017.