Update: SBA disaster loans are now available to businesses and residents in #Florida following the #HurricaneIan disaster declaration. Applicants may apply at disasterloanassistance.sba.gov under declaration # 17644. For help, call 800-659-2955 or email DisasterCustomerService@sba.gov.
The disaster declaration covers Charlotte, Collier, DeSoto, Hardee, Hillsborough, Lee, Manatee, Pinellas, and Sarasota counties in #Florida, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA.
Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply for SBA Economic Injury Disaster Loans: Broward, Glades, Hendry, Highlands, Miami-Dade, Monroe, Pasco, and Polk in #Florida.
Businesses and private nonprofit organizations of any size may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
Disaster loans up to $200,000 are available to homeowners to repair or replace disaster-damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace disaster-damaged or destroyed personal property.
Building back smarter and stronger can be an effective recovery tool for future disasters. Applicants may be eligible for a loan amount increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes. Learn more: sba.gov/mitigation
#SVOG UPDATE: We continue to work as fast as possible with our vendors to fix the Shuttered Venue Operators Grant application portal so we can share an exact reopening date.
As we do this, we are also making changes to enhance the applicant’s user experience based on feedback we’ve received.
We know this experience has been disappointing. Live venues are some of the first who had to close due to the pandemic and they need help urgently. They anchor our communities in so many ways; fueling our entertainment and cultural experiences and other businesses.
NEW: SBA will re-open the #PaycheckProtection Program loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on 𝗙𝗿𝗶𝗱𝗮𝘆, 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟭𝟱 𝗮𝘁 𝟵 𝗮𝗺 𝗘𝗧.
The portal will fully open on 𝗧𝘂𝗲𝘀𝗱𝗮𝘆, 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟭𝟵 to all participating PPP lenders to submit First and Second Draw loan applications to SBA.
On Friday, SBA will continue its emphasis on reaching smaller lenders and businesses by opening to approximately 5,000 more lenders, including community banks, credit unions, and farm credit institutions.
BREAKING: With $349 billion in emergency #smallbusiness capital cleared, SBA and @USTreasury begin unprecedented public-private mobilization effort to distribute funds. #COVID19
The #CARESAct established the new $349 billion Paycheck Protection Program, which is specifically designed to help small businesses keep their workforce employed.
The Paycheck Protection Program will be available retroactive from Feb. 15, 2020, so employers can rehire their recently laid-off employees through June 30, 2020.
ANNOUNCED TODAY: The SBA will provide small businesses impacted by #Coronavirus (#COVID19) up to $2M in disaster assistance loans. Here's how the process will work: (1/11)
The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the #Coronavirus (#COVID19). (2/11)
Upon a request received from a state/territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by @POTUS, an Economic Injury Disaster Loan declaration. (3/11)