This document was printed from
florida-agriculture.com
the web site of the
Division of Marketing and Development
Florida Department of Agriculture and Consumer Services
Mayo Building, M-9
407 South Calhoun Street
Tallahassee, FL 32399-0800

Federal Assistance Programs

Program:

Low-Interest Loans

Agency: Small Business Administration
Florida Contact: South Florida District Office
Address: 100 S. Biscayne Blvd., 7th Floor
Miami, FL 33131
Telephone: (305) 536-5521
Fax: (305) 536-5058
Web: http://www.floridasbdc.com/Home/Location.asp

SBA offers loans up to $200,000 to repair disaster damaged primary residences. Homeowners and renters are eligible for loans up to $40,000 to replace personal property such as furniture and clothing. Loans to businesses of all sizes and non-profit organizations are available up to $1.5 million to repair damage to real estate, machinery, equipment and inventory. Economic Injury Disaster Loans (EIDLs) are also available to small businesses unable to pay bills or meet operating expenses.

Interest rates can be as low as 3.187 percent for homeowners and renters and 2.900 percent for businesses with terms up to 30 years. Loan amounts and terms are set by SBA and are based upon each applicant's financial condition.

To be considered for all forms of disaster assistance, victims must first call the Federal
Emergency Management Agency (FEMA) at 1-800-621-FEMA (3362).