LETTER TO THE EDITOR: July 1 is cutoff for SBA loans for those affected by January storm

June 2, 2022

By Boca Beacon Reader

To the Editor:

The U.S. Small Business Administration (SBA) is reminding businesses of all sizes, private nonprofit organizations, homeowners and renters in Florida of the July 1 deadline to apply for physical damage disaster loans. Anyone in the declared counties with damages from the severe storms and tornadoes on Jan. 16, 2022 should apply for the low-interest disaster loan program.

The declaration includes Lee County and the adjacent counties of Collier, Charlotte, Hendry and Glades in Florida. Interest rates are as low as 2.83 percent for businesses, 1.875 percent for nonprofit organizations and 1.438 percent for homeowners and renters, with terms up to 30 years. Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoanAssistance.sba.gov/ela/s and should apply under SBA declaration # 17436.

Please call if you have any questions.

Julie Garrett

Public Affairs Specialist

Field Operations Center – East

U.S. Small Business Administration

(404) 331-0333

Cell (404) 895-7345

julie.garrett@sba.gov