SBA Offers Disaster Assistance to Florida Small Businesses Economically Impacted by the Coronavirus (COVID-19)
The U.S. Small Business Administration is offering low-interest federal disaster loans for
working capital to Florida small businesses suffering substantial economic injury as a result of the
Coronavirus (COVID-19), SBA Administrator Jovita Carranza announced today. SBA acted under its
own authority, as provided by the Coronavirus Preparedness and Response Supplemental
Appropriations Act that was recently signed by the President, to declare a disaster following a request
receivedfrom Gov.RonDeSantis onMarch17,2020.
The disaster declaration makes SBA assistance available in the entire state of Florida; and the
contiguous counties of Baldwin, Covington, Escambia, Geneva and Houston in Alabama; and Brooks,
Camden, Charlton, Clinch, Decatur, Echols, Grady, Lowndes, Seminole, Thomas and Ware in Georgia.
“SBA is strongly committed to providing the most effective and customer-focused response possible
to assist Florida small businesses with federal disaster loans. We will be swift in our efforts to help
these small businesses recover from the financial impacts of the Coronavirus (COVID-19),” said
Administrator Carranza.
SBA Customer Service Representatives will be available to answer questions about SBA’s Economic
Injury Disaster Loan program and explain the application process.
“Small businesses, private non-profit organizations of any size, small agricultural cooperatives and
small aquaculture enterprises that have been financially impacted as a direct result of the Coronavirus
(COVID-19) since Jan. 31, 2020, may qualify for Economic Injury Disaster Loans of up to $2 million to
help meet financial obligations and operating expenses which could have been met had the disaster
not occurred,” said Carranza.
“These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be
paid because of the disaster’s impact. Disaster loans can provide vital economic assistance to small
businesses to help overcome the temporary loss of revenue they areexperiencing,” Carranzaadded.
Eligibility for Economic Injury Disaster Loans is based on the financial impact of the Coronavirus
(COVID-19). The interest rate is 3.75 percent for small businesses. The interest rate for private nonprofit
organizations is 2.75 percent. SBA offers loans with long-term repayments in order to keep
payments affordable, up to a maximum of 30 years and are available to entities without the financial
ability to offset the adverse impact without hardship.
Applicants may apply online,receiveadditional disasterassistance information and download
applications at
https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer
Service Center at (800) 659-2955 or email
disastercustomerservice@sba.gov for more
information on SBA disaster assistance. Individuals who are deaf or hard-of-hearing may call
(800)877-8339. Completed applications shouldbemailed toU.S.SmallBusinessAdministration,
Processingand DisbursementCenter,14925KingsportRoad,FortWorth,TX 76155.
The deadline to apply for an Economic Injury Disaster Loan is Dec. 18, 2020.
Formore information about Coronavirus,please visit: Coronavirus.gov.
For more information about available SBA resources and services, please visit: SBA.gov/coronavirus.