SBA Loans Deadline Reopened in Florida - New Deadline April 27, 2025
FORT MYERS, Fla., March 6, 2025 /PRNewswire/ -- The SBA has extended the SBA's Physical Damage loan program deadline for Florida businesses and residents impacted by recent declared disasters. Due to the extensive damage caused by Hurricanes Milton and Helen, the deadline to submit applications has been reopened, with a new deadline of April 27, 2025.
This extension applies to businesses, homeowners, renters, and nonprofit organizations in the following counties: Alachua, Baker, Bradford, Brevard, Charlotte, Citrus, Clay, Collier, Columbia, DeSoto, Dixie, Duval, Flagler, Franklin, Gilchrist, Glades, Gulf, Hamilton, Hardee, Hernando, Hendry, Highlands, Hillsborough, Indian River, Jefferson, Lafayette, Lake, Lee, Leon, Levy, Madison, Manatee, Marion, Martin, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns, St. Lucie, Sumter, Suwannee, Taylor, Union, Volusia, Wakulla, as well as the Miccosukee Tribe of Indians of Florida.
Loan Assistance Available:
The following information is for the SBA's Physical Damage loan program ONLY. The standard timeline for the SBA Economic Injury Disaster Loan (EIDL) remains open for businesses impacted and can show economic injury.
- Business Physical Damage Loans – Up to $2 million available for businesses and nonprofit organizations to repair or replace disaster-damaged property, including buildings, equipment, inventory, and fixtures.
- Home Disaster Loans – Homeowners can apply for up to $500,000 to repair or replace their primary residence, while both homeowners and renters can request up to $100,000 for damaged personal property, including furniture, appliances, and vehicles.
- Mitigation Assistance – Eligible applicants may qualify for additional funding of up to 20% of total physical damages to enhance resilience against future disasters, such as by installing wind-resistant roofs or storm shelters.
Loan Terms & Interest Rates:
- Interest rates range from 4% for businesses and 3.25% for nonprofits to 2.813% for homeowners and renters.
- Loan terms can extend up to 30 years, with no interest accumulating and no payments required for 12 months after the initial disbursement date.
How to Apply:
Economic Disaster Loans is committed to helping businesses, homeowners, and nonprofit organizations secure disaster recovery funding.
- We offer a free eligibility analysis to determine whether applicants qualify for disaster loan assistance.
- For those who need expert support in navigating the application process, we provide professional packaging and administrative services for a fee to ensure accurate and timely submissions.
For personalized assistance and to begin your application:
Call us at 239-291-6162
Email us at Kristin@EconomicDisasterLoan.com
Visit our website at https://economicdisasterloan.com/
Let us help you access the funding needed to rebuild and recover.
Final Deadline:
All SBA Physical Damage Loan applications must be submitted by April 27, 2025.
For more information, reach out to Economic Disaster Loans today!
Contact: Economic Disaster Loans
Phone: (239) 291-6162
Email:Kristin@EconomicDisasterLoan.com
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SOURCE Economic Disaster Loans