SBA INFO

All 67 Florida counties are included in the disaster declaration for Coronavirus.

“I am encouraging all small businesses located in Florida to visit the SBA Disaster Assistance website and submit your application today,” said SBA South Florida District Director Victoria Guerrero. “While there, you will find information on how to contact our customer service team who can answer any disaster-related application questions. You can also reach out to one of our many resource partners for application assistance.”

SBA Resource Partners information can be obtained on the SBA website at www.sba.gov/local-assistance/find/.

SBA Economic Injury Disaster Loans offer up to $2 million in economic assistance to help small businesses overcome the temporary loss of revenue resulting from the disaster. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.

Interest rates offered are as low as 3.75 percent for businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.
Loan amounts are set by the SBA and based on each applicant’s financial condition. Repayment terms are up to 30 years.

To apply, visit the SBA Disaster website at https://disasterloan.sba.gov/ela/.

For additional information, please contact the SBA Disaster Assistance Customer Service Center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov.

OTHER LINKS AND CONTACTS:

SBA

For questions, please contact the SBA disaster assistance customer service center at 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail  disastercustomerservice@sba.gov

• https://disasterloan.sba.gov/ela/
• https://www.sba.gov/disaster-assistance/coronavirus-covid-19

State of Florida

On March 16, 2020, Governor DeSantis announced the opening of a $50 million disaster bridge loan. This provides zero-interest loans of up-to $50,000 for businesses that have been in business before March 9, 2020. Businesses are encouraged to apply as soon as possible. These funds are limited. For more assistance, call the Florida SBDC at USF at 813-905-5800.

• https://floridadisasterloan.org/
• Business Damage Assessment Survey

Other resources:

• https://www.pdr-cpa.com/covid-19/
• https://www.pdr-cpa.com/IRS-coronavirus-change
• SBA Forgiveness of Loan Calculator
  
• Paycheck Protection Program FAQs

PPP Resources

• How to Plan for a PPP Audit
• How Manufacturers Can Operate Safely During the COVID-19 Crisis
• Bill that Provides More PPP Flexibility Is Signed Into Law