The US Small Business Administration
loaned local businesses over 5 and a half million dollars since
Hurricane Michael hit the coast in early October.
As of December the 17th the SBA had
made 134 loans in Franklin County totaling 5,557,900 dollars.
109 of those were home loans, 19 were
business loans for physical damages, and 6 loans were to businesses
for working capital money
The deadline for loans for physical
damage is now past but the deadline for working capital loans for
small businesses or non-profit organizations is July 11th.
Businesses and non-profits are eligible
for loans of up to 2 million dollars for economic damage from loss of
income.
Small businesses or non-profit
organizations can apply for Economic Injury Disaster Loans online at
disasterloan.sba.gov, or by calling 800-659-2955.
http://live.oysterradio.com/
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