The U.S. Small Business Administration
is making low-interest disaster loans available to certain Private
Non-Profit organizations in Florida.
The loans are for groups that do not
provide critical services of a governmental nature; They can include
food kitchens, homeless shelters, museums, libraries, community
centers, schools and colleges.
Groups in 13 Florida counties are
eligible to apply for the loans including groups in Franklin and
Wakulla counties.
The groups can borrow up to $2 million
dollars to repair or replace damaged or destroyed real estate,
machinery and equipment, inventory and
other business assets.
The interest rate is 2.6 percent with
terms up to 30 years.
The SBA also offers Economic Injury
Disaster Loans to help meet working capital needs, such as ongoing
operating expenses.
Economic Injury Disaster Loan
assistance is available regardless of whether the organization
suffered any physical property damage.
Loan applications can also be
downloaded from www.sba.gov/disaster.
The deadline to submit economic injury
applications is June 28, 2017.
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