If your small business experienced a drop in income due to Hurricane Ian or Nicole, the Small Business Administration can help you recover
Did your business experience a drop in income due to Hurricane Ian or Nicole?
Did you apply for an SBA Economic Injury Disaster Loan after Ian or Nicole and were denied?
The Small Business Administration (SBA) is offering low-interest Economic Injury Disaster Loans to Clay County businesses that experienced a drop in income due to Hurricane Ian or Nicole. Small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and private non-profit organizations can apply for low-interest loans of up to $2 million to help meet working capital needs. These loans are available even if the business or non-profit did not have any physical damage from the hurricanes and can be used to cover operating expenses such as salaries, rent, and utilities. There is no cost to apply, no interest or payments for the first year, and a loan term of up to 30 years. After the first year, the interest rate for businesses is as low as 3.04% for Ian and 3.3% for Nicole; and for non-profits, the interest rate is 1.875% for Ian and 2.375% for Nicole. The deadline to apply for Economic Injury Disaster Loans is June 29 for Ian and September 13, 2023, for Nicole. Applications can be completed online at https://disasterloanassistance.sba.gov/ela/s/. More information is available through the SBA’s Customer Service Center at 800-659-2955.
SBA Economic Injury Disaster Loan Workshop and Popup Shop at the Jacksonville Main Library:
Offered by The Small Business Development Center (SBDC) at UNF and
the U.S. Small Business Administration (SBA)
February 16, 2-4 pm
The SBA is also offering a training session at the Jacksonville Main Library on February 16, 2-4 pm in the e-learning room (located in the e-classroom 124 on the ground floor) that will cover everything you need to know about filing for your disaster loan (or filing an appeal if you were already denied). This workshop will be followed by a popup shop (located on the main floor promenade) where you can get answers to all your questions from SBDC and SBA reps. No appointment or registration is required!
Original source can be found here.
