DATE: July 9, 2012
MEDIA CONTACT: Chuck Lanza, Director
Broward County Emergency Management Division
The U.S. Small Business Administration (SBA) is reminding businesses in Florida, including Broward County and the contiguous counties of Collier, Hendry, Miami-Dade and Palm Beach, that working capital loans are still available to small businesses, small agricultural cooperatives and most nonprofit organizations affected by storms and tornadoes on October 18, 2011, and severe storms and flooding that occurred October 28-31, 2011.
Economic Injury Disaster Loans up to $2 million are available at 3 percent for private nonprofit organizations of all sizes and 4 percent for small businesses, with terms up to 30 years. The loans are intended to pay fixed debts, payroll, accounts payable and other expenses that could have been paid had the disasters not occurred.
To be considered for this assistance, disaster survivors need to apply by the respective deadline. For the October 18 storms and tornadoes, the deadline is July 27, 2012; for the October 28-31 storms and flooding, the deadline is August 14, 2012.
To obtain disaster loan information and application forms, call the SBA’s Customer Service Center at 800-659-2955, email email@example.com or visit SBA's website. Deaf and hard-of-hearing individuals may call 800-877-8339. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Applicants may also apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.