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SBA Disaster Loans Available In Escambia, Santa Rosa, Alabama Too
May 15, 2014
The U.S. Small Business Administration adds more counties to the disaster declaration due to severe storms, tornadoes, high winds and flooding that occurred on April 28 through May 6, 2014 in Florida.
The disaster declaration now covers Escambia, Okaloosa, Santa Rosa and Walton counties in Florida which 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 ligible to apply only for SBA Economic Injury Disaster Loans: Bay, Holmes, and Washington in Florida; and Baldwin, Covington, Escambia and Geneva in Alabama.
The Business Recovery Center in Pensacola will open Thursday, May 15th to provideone-on-one help to business owners seeking disaster assistance. SBA’s customer service representatives will be on hand at the Center to answer questions about SBA’s disaster loan program and help business owners in applying for assistance.
“Businesses with physical damages or disaster-related working capital needs should seriously consider visiting the Center and applying for a low-interest SBA disaster business loan,” said Wilfredo Gonzalez, SBA’s North Florida district director.
The Center is located and opening as indicated below, until further notice:
Escambia County
Greater Pensacola Chamber
117 West Garden Street
Pensacola, FL 32502
Opens: Thursday, May 15 at 8 a.m.
Hours: Monday – Friday from 8 a.m. to 5 p.m., until further notice
Closed: Saturday and Sunday
SBA disaster loans are available to homeowners and renters, businesses of all sizes and most private non-profit organizations to cover uninsured losses from the disaster. Interest rates are as low as 2.188 percent for homeowners, 4 percent for businesses and 2.625 percent for private non-profit organizations. Loan terms can be up to 30 years.
“SBA disaster loans offer an affordable way for those affected by the disaster to pay for disaster related losses,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta.
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