The Martin County Board of County Commissioners encourages businesses affected by our local water crisis to visit the U.S. Small Business Administration (SBA) Business Recovery Center (BRC) located at the Martin County Fairgrounds. Since its opening on July 13, 40 local businesses have visited the BRC seeking information on applying for an Economic Injury Disaster Loan for disaster-related working capital needs. SBA representatives at the Center can provide information about disaster loans, answer questions and provide help in completing the SBA application. The Center is open from 9 a.m. – 5 p.m., Monday thru Friday, and will operate until further notice.
Small businesses and nonprofits can borrow up to $2 million, with interest rates of 2.625 percent for private nonprofit organizations and 4 percent for small businesses. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.
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 email email@example.com . Loan applications can be downloaded from www.sba.gov /disaster . Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. Completed loan applications must be returned to SBA no later than Nov. 16, 2016.
In addition, the County encourages businesses to access state resources as well. Businesses are urged to complete the business damage assessment survey at http://flvbeoc.org (select the “Lake Okeechobee Discharge-Algal Blooms” event). The information provided in this survey will be shared among various state and local agencies to expedite implementation of appropriate disaster relief programs for businesses. This survey assists the State with determining if relief services for businesses should be activated.