"Due to the amount of physical and economic losses caused by Tropical Storm Fay in
The SBA Business Recovery Center will open at the following location:
Merritt Island Service Complex
2575 N. Courtenay Parkway
Businesses of any size and non-profit organizations may borrow up to
For small businesses, and most private non-profit organizations of all sizes, the SBA offers Economic Injury Disaster Loans to help meet working capital needs, such as ongoing operating expenses. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
Interest rates can be as low as 4 percent for businesses with terms up to 30 years. Loan amounts and terms are set by the SBA and are based upon each applicant's financial condition.
Victims should not wait to settle with their insurance companies before applying for disaster loan assistance. If a victim does not know how much of their loss will be covered by insurance or other sources, the SBA will consider making a loan for the total loss up to its loan limits, provided the borrower agrees to use insurance proceeds to reduce or repay their SBA loan.
Business owners unable to visit the Center may obtain an application by calling the SBA's Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the hearing-impaired) Monday through Friday from
Victims may also apply for disaster loans from SBA's secure website at https://disasterloan.sba.gov/ela/
The deadline to return applications for physical damage is
For more information about the SBA's Disaster Loan Programs, visit our website at www.sba.gov/services/disasterassistance.
SOURCE U.S. Small Business Administration