If your business was impacted by Hurricane Irma, or you looking to provide aid, The Disaster Help Desk can help.
Florida Small Business Emergency Bridge Loan Program – This program is administered by the Florida Department of Economic Opportunity (DEO) in conjunction with the Florida SBDC Network and Florida First Capital Finance Corporation (FFCFC). The loans help businesses bridge the gap from the time damage occurred to when businesses obtain other financial resources.
To be eligible, the following applies:
Applying for a Bridge Loan – Visit www.floridadisasterloan.org for more information and to apply. Deadline to apply is October 31, 2017.
Business Damage Assessment Survey – Storm damage is being assessed by the DEO. Small businesses impacted by Hurricane Irma are asked to complete a Business Damage Assessment Survey. The survey helps the State Emergency Response Team determine the needs and level of assistance. Please visit www.flvbeoc.org to take the survey.
Per Chamber news, “Through the declaration, businesses and nonprofits in Broward, Charlotte, Clay, Collier, Duval, Flagler, Hillsborough, Lee, Manatee, Miami-Dade, Monroe, Palm Beach, Pinellas, Putnam, Sarasota and Saint Johns counties in Florida are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private non-profit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans: Alachua, Baker, Bradford, Desoto, Glades, Hardee, Hendry, Highlands, Marion, Martin, Nassau, Okeechobee, Pasco, Polk, and Volusia in Florida.”
Business Physical Disaster Loan Program – Business Physical Disaster Loans are intended to help repair or replace disaster-damaged property for businesses and nonprofit organizations. They may apply for up to $2 million to repair or replace property. This includes equipment, machinery, inventory, real estate, and other business-related assets.
Economic Injury Disaster Loan Program – According to the Chamber News Release “Businesses in qualifying adjacent counties may apply for up to $2 million for working capital through the SBA Economic Injury Disaster Loan program.” Loans are for organizations to meet financial obligations and operating expenses through the disaster recovery period. Check their website to see if your business qualifies, more details, other available loans as well as interest rates.
To Apply for Physical and Economic Injury Loans – Businesses must first register with the Federal Emergency Management Agency (FEMA) at www.disasterassistance.gov, by mobile device at m.fema.gov or call the toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362 (800-462-7585 TTY). Upon registration with FEMA, businesses may apply for a disaster loan several ways:
Deadline to return applications for physical property damage is November 9, 2017. Deadline to send economic injury applications is June 11, 2018
Florida SBDC Network Stands Ready to Assist
The Florida SBDC Network supports disaster preparedness, response, recovery, and mitigation through its Business Continuation Services. As part of the network’s service offering, the Florida SBDC will also be deploying its Mobile Assistance Centers (MACs) into affected communities. Florida SBDC is working with state and federal officials to determine the MACs locations. Information will be released soon.
For questions, contact the Florida SBDC Network at (850) 898-3489 or Disaster@FloridaSBDC.org. Phones are answered during regular business hours. All voice mails and emails will be responded to within 24 hours.