State designated as Florida’s principal provider of small business assistance, the Florida Small Business Development Center (SBDC) Network stands ready to help small businesses impacted by Hurricane Sally apply for disaster loans and with other post-disaster challenges.
What disaster loan programs are available for my small business?
At the federal level, impacted businesses may apply for low-interest loans through the U.S. Small Business Administration.
The SBA’s Business Physical Disaster Loan program helps repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Interest rates are as low as three percent and the SBA customizes loan amounts and terms up to a maximum of 30 years. The deadline to apply is December 1, 2020. For more information, and to apply, please visit https://
Additionally, the SBA’s Economic Injury Disaster Loan can help you meet necessary financial obligations that your business otherwise could have met had the disaster not occurred. Interest rates are as low as three percent and the SBA customizes loan amounts and terms up to a maximum of 30 years for each applicant. The maximum amount that can be borrowed is $2 million.
The application deadline for the SBA Economic Injury Disaster Loan program is June 21, 2021. For more information, and to apply, please visit https://DisasterLoanAssistance.sba.gov.
How can the Florida SBDC help my small business recover?
Small businesses across the Panhandle suffered unimaginable physical damage and/or economic injury as a result of Hurricane Sally. A number of disaster loan programs have been made available to help.
As part of its service offering, Florida SBDC disaster specialists are available to provide confidential, no-cost consulting to help affected businesses prepare disaster loan applications and with other post-disaster challenges. Disaster specialists will provide information about resources available and assist businesses in completing disaster loan applications.
Best of all: our assistance is offered at no-cost thanks to funding made possible by our stakeholders.
We are saddened to see and hear the stories of damage and loss that small businesses across the Panhandle have suffered. The Florida SBDC Network stands ready to help your small business recover. For questions about disaster assistance available and how the Florida SBDC Network can help you, please contact your local Florida SBDC office, call (850) 898-3479 or email Disaster@FloridaSBDC.org.
“We are committed to helping small businesses suffering from Hurricane Sally rebuild, recover, and reemploy Florida’s families,” said Dr. Cheryl Kirby, Interim CEO of the Florida SBDC Network.