Deadline to Apply for SBA Physical Disaster Loans in Florida is September 4

Deadline to Apply for SBA Physical Disaster Loans in Florida is September 4
Tropical Storm Debby Survivors Should Not Wait for Insurance Settlement

ATLANTA – The U.S. Small Business Administration reminds homeowners, renters, businesses
and non-profit organizations in Florida of the deadline to submit disaster loan applications for
damages caused by Topical Storm Debby that occurred from June 23 through July 26, 2012. The
deadline to file an SBA disaster loan application for physical damage is Sept. 4, 2012.

Anyone with insured losses should not wait for an insurance settlement before applying to the
SBA. “If someone does not know how much of their loss will be covered by insurance or other
sources, the SBA will consider making a loan for the total loss up to its loan limits, provided they
agree to use insurance proceeds to reduce or repay their SBA loan,” said Frank Skaggs, director
of SBA Field Operations Center East.

The disaster declaration covers the counties of Baker, Bradford, Citrus, Clay, Columbia,
Duval, Franklin, Gilchrist, Hernando, Highlands, Hillsborough, Lafayette, Manatee, Nassau,
Pasco, Pinellas, Polk, Sarasota, Suwannee, Taylor, Union and Wakulla, which are eligible for
both Physical and Economic Injury Disaster Loans from the SBA. Small businesses, small
agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit
organizations in the following adjacent counties are eligible to apply only for Economic Injury
Disaster Loans from the SBA: Alachua, Charlotte, Desoto, Dixie, Glades, Gulf, Hamilton,
Hardee, Jefferson, Lake, Leon, Levy, Liberty, Madison, Marion, Okeechobee, Orange, Osceola,
Putnam, Saint Johns and Sumter in Florida; and Camden, Charlton, Clinch, Echols and Ware in
Georgia.

Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed
real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace
damaged or destroyed personal property. Businesses and non-profit organizations of any size
may borrow up to
$2 million to repair or replace damaged or destroyed real estate, machinery and equipment,
inventory, and other business assets.

For small businesses, small agricultural cooperatives, small businesses engaged in aquacultural,
and most private non-profit organizations of all sizes, the SBA offers Economic Injury Disaster
Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is
available regardless of whether the business suffered any physical property damage.

Interest rates are as low as 1.938 percent for homeowners and renters, 3 percent for non-profit
organizations and 4 percent for businesses with terms up to 30 years. The SBA sets the loan
amounts and terms based on each applicant’s financial condition.

To be considered for all forms of disaster assistance, call the Federal Emergency Management
Agency (FEMA) at 800-621-FEMA (3362), (TTY) 800-462-7585 for the deaf and
hard-of-hearing and register.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure
website at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms may also be obtained by calling the SBA’s
Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or
by sending an email to disastercustomerservice@sba.gov. Loan applications can be downloaded
from www.sba.gov. Completed applications should be mailed to: U.S. Small Business
Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth,
TX 76155.

The filing deadline to return applications for physical property damage is September 4, 2012.
The deadline to return economic injury applications is April 3, 2013.

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For more information about the SBA’s Disaster Loan Program, visit our website at www.sba.gov.


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