Complete the online damage assessment, which takes just a few minutes. Your information will be shared with emergency response agencies to expedite implementation of appropriate disaster relief programs.
Depending on the severity of a storm, a number of resources may be activated to help businesses. These resources include:
SBA DISASTER LOANS: ACTIVE
Additional Details >> https://disasterloan.sba.gov/ela/Information/Index.
The Small Business Adminsitrations offers low interest disaster loans for individuals, businesses and non-profit organizations. The loans can be used for loss and damages not fully covered by insurance. View this list of information needed for the SBA loan process.
THE U.S. SMALL BUSINESS ADMINISTRATION ANNOUNCED TWO DISASTER DECLARATIONS APPLICABLE TO HIGHLANDS COUNTY RESIDENTS AND BUSINESSES RELATED TO HURRICANE DORIAN AND TROPICAL STORM NESTOR:
ECONOMIC INJURY DISASTER LOAN - ACTIVE
If federal assistance is activated and you are in a declared disaster area, have suffered substantial economic injury regardless of physical damage, and you are a small business, small agricultural cooperative, or private nonprofit organizations, you may qualify for an EIDL. EIDLs provide working capital to help businesses survive until normal operations resume after a disaster. SBA can provide up to a maximum of $2 million to help meet financial obligations and operating expenses. A business may qualify for both an EIDL and a physical disaster loan, not to exceed the maximum of $2 million. Visit www.SBA.gov for full details.
1. FL 16183 is an Economic Injury Disaster Declaration for small businesses, small agricultural cooperatives, and most private non-profit organizations. This is for those who lost income due to Hurricane Dorian, when it looked as if the storm might hit Florida, Aug. 28-Sept. 9. These working capital loans up to $2 million 3.875% interest (there is no minimum borrowing requirement). The application deadline is Aug. 13, 2020. DOWNLOAD FACT SHEET HERE.
2. FL 16181 is related to the tornadoes and bad weather associated with Tropical Storm Nestor on Oct. 18. In this case, businesses and non-profits can apply for working capital loans as above, and also for any physical damages that were not covered by insurance. In addition, homeowners may apply for up to $200,000 for uncompensated losses at rates as low as 1.5%, and homeowners and renters may also apply for up to $40,000 to repair or replace their damaged personal items, including personal vehicles. The application deadline is Jan. 13, 2020. DOWNLOAD FACT SHEET HERE.
FLORIDA DISASTER BUSINESS BRIDGE LOAN - INACTIVE
Addtional Details >> http://www.floridadisasterloan.org.
The purpose of the Emergency Bridge Loan Program is to provide a source of expedient cash flow to Florida small businesses impacted by a disaster. These short-term, interest-free working capital loans are intended to "bridge the gap" between the time a major catastrophe hits and when a business has secured longer term recovery resources, such as sufficient profits from a revived business, receipt of payments on insurance claims or federal disaster assistance.
DISASTER UNEMPLOYMENT ASSISTANCE - INACTIVE
The Florida Department of Economic Opportunity (DEO) provides the Disaster Unemployment Assistance (DUA) Program to assist businesses and residents whose employment or self-employment was lost or interrupted as a result of a disaster. Full details are available at www.FloridaJobs.org. If you need assistance with the Disaster Unemployment Assistance program, please contact our local CareerSource Heartland at 863-385-3672 extension 301.