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SBA Loans Update

Guest Dwight C

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Guest Dwight C

More than $250 Million Granted in Disaster Relief Loans


More than $258,441,200 in disaster loans have been approved by the U. S. Small Business Administration for 5,268 businesses and residents with losses resulting from Hurricane Michael in Florida on Oct. 7-19, 2018.
Also, the SBA Business Recovery Centers (BRCs) in Florida will close on Thursday, November 22 in recognition of the Thanksgiving Day holiday.  The BRCs located in Franklin, Gulf, Liberty, Wakulla and Washington counties will resume normal operations on Friday, Nov. 23, the BRC located in Bay County on Saturday, Nov. 24; BRCs in Calhoun and Taylor counties on Monday, Nov. 26.       
The SBA offers low-interest, long-term disaster loans for physical damage and working capital.  SBA representatives at the Centers will provide information about disaster loans, answer questions and assist businesses with completing the SBA application.

Laurie Dana with the SBA says, "We really encourage people not to wait for their insurance to settle before they apply. In some cases, they can get funds to start their repairs and then when their insurance settles, they can use those funds to pay down the loan."

If you're applying with FEMA, still apply for a SBA loan. FEMA may require you to apply for SBA during your process.

The deadline to apply is Monday, December 10th. 

You can apply online or at one of the local Disaster Recovery Centers in the area.


Learn more about the application process by clicking Click---> HERE

You can fill out a SBA Loan application Click---> HERE

Find a Disaster Recovery Center near you Click---> HERE

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