X

News

29Mar

SBA Working Capital Loans Available in Florida for Secretary of Agriculture Disaster Declaration Due to Freeze, Frost and Ice in January

SBA Working Capital Loans Available in Florida for Secretary of Agriculture Disaster Declaration Due to Freeze, Frost and Ice in January

Release Date: March 23, 2022 | Contact: Michael Lampton (404) 331-0333 Michael.Lampton@sba.gov | Release Number: 22-217, FL 17376


ATLANTA - 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.


“When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to eligible entities, affected by the same disaster,” said Kem Fleming, director of SBA’s Field Operations Center East.


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. Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (if you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services), or sending an email to DisasterCustomerService@sba.gov. Loan applications can be downloaded from the SBA’s website at 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.

Submit completed loan applications to the SBA no later than Nov. 21, 2022.

About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit sba.gov.

 

About the Author

Related

Pending Vacancy on Industrial Development Authority Board

Pending Vacancy on Industrial Development Authority Board

A current board member's term is set to expire on September 30, 2018. In accordance with the Boa...

Read More >

October Economic Development Update

New South Florida State College corporate education classes, Highlands Ranks Second in Citrus, Secap...

Read More >
USDA Implements up to $2.36 Billion to Help Agricultural Producers Recover after 2017 Hurricanes and Wildfires

USDA Implements up to $2.36 Billion to Help Agricultural Producers Recover after 2017 Hurricanes and Wildfires

WASHINGTON, April 6, 2018 – U.S. Secretary of Agriculture Sonny Perdue announced the U.S....

Read More >
SBA Monthly Webinars

SBA Monthly Webinars

Upcoming Webinars - December 2019

Read More >
DEO Highlands County Roundtable

DEO Highlands County Roundtable

96 p{ margin:10px 0; padding:0; } table{ border-collapse:collapse; } h1,h...

Read More >


OUR MISSION

Enhance the quality of life in Highlands County by attracting a diversity of new businesses; increasing industrial investment while facilitating the retention and successful expansion of existing business and industry.

Keep In Touch

Economic Development
Highlands County Board of County Commissioners
(E)
economicdevelopment@highlandsfl.gov
(P) 863.402.6924
(F) 863.402.6651