Deadline nears for SBA loans for non-profit groups

The Small business administration is reminding private non-profit groups in north Florida that they have just a few weeks left to apply for disaster loans for physical damage caused by the severe storms, flooding and tornadoes that crossed our area in late March and early April. Non-profit groups in 22 counties including Franklin, Gulf, Wakulla and Liberty counties are eligible for to apply for the disaster loans. Eligible Private non profit groups are those that provide non-critical services such as food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges. The groups can borrow up to 2 million dollars to repair or replace damaged real estate, machinery and equipment as well as inventory and other business assets. Interest rates on the loans are as low as 4 percent with terms up to 30 years. The deadline to apply for the loans is June the 22nd, so groups that would like to learn more should contact the SBA Disaster Assistance hotline at 1-800-877-8339. You can also e-mail for information at disastercustomerservice@sba.gov.