On Aug. 30, SBA reported loans available in FLA for private non-profits
SBA low-interest disaster loans available in FLA for private non-profits (PNP) that do not provide critical services of a governmental nature, as a result of Hurricane Debby.
Follows White House Aug. 2024 approved FLA emergency declaration, see #221957.
Eligibility
PNP may apply for low-interest disaster loans in the counties of Baker, Charlotte, Columbia, Dixie, and Gilchrist, Hamilton, Jefferson, Lafayette, Leon, and Levy.
Also Madison, Manatee, Sarasota, Suwannee, Taylor, Union and Wakulla counties.
Eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.
PNP organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
Applicants may be also eligible for a loan amount increase for mitigation purposes.
Also offers economic injury disaster loans (EIDLs) to meet working capital needs, and is available regardless of whether the organization suffered physical property damage.
PNP should contact their county’s emergency manager to provide organizational data.
The data will be sent to FEMA in order to determine eligibility for a Public Assistance grant or whether the PNP should be referred to SBA for disaster loan assistance.
Application Deadlines
Completed applications for physical property damage must be submitted by Oct. 28, 2024 and the deadline to submit completed applications for EIDLs is May 28, 2025.
