Feds open first post-Ian recovery center in Tampa to apply for loans

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The US Small Business Administration announced on Monday the opening of a Business Recovery Center in Hillsborough County, the first of several the agency plans to open in counties affected by Hurricane Ian.

The center will help apply for low-interest loans for businesses and individuals affected by the hurricane. It will be hosted at the Chloe Coney Urban Enterprise Center, 1907 E Hillsborough Ave., Tampa.

Residents of Charlotte, Collier, DeSoto, Hardee, Hillsborough, Lee, Manatee, Orange, Osceola, Pinellas, Polk, Sarasota, and Seminole counties can seek physical damages as well as economic damages. Small businesses and nonprofits in Brevard, Broward, Glades, Hendry, Highlands, Indian River, Lake, Miami-Dade, Monroe, Okeechobee, Pasco, Sumter, and Volusia counties can only apply for emergency loans. economic disaster.

Homeowners can apply for up to $200,000 in property damage loans and nonprofits and businesses of all sizes for up to $2 million. Personal property damage loans, including vehicles, are available for up to $40,000 for homeowners and renters.

Mitigation loans to prevent future damage, such as money to create storm shelters or install retaining walls, are available for up to 20% of physical damage. Small businesses are eligible for economic injury losses even if they did not suffer physical damage but loss of business. Loans can also be used for moving.

Only losses not covered by insurance or otherwise compensated are eligible. Second homes, personal pleasure boats, airplanes and recreational vehicles not used for business purposes are not eligible, according to a press release.

The deadline for physical damage loans is November 28 and the deadline for economic damage loans is June 29, 2023. But Sharon Gadbois, a spokesperson for the Small Business Administration, said in an interview that people are encouraged to apply early. Once approved, there is no obligation to take the loan and applicants have 60 days to decide.

Interest rates start at 2.188% for individuals, 1.875% for nonprofits, and 3.04% for businesses.

The center will operate 9 a.m. to 5 p.m. Monday through Friday and 9 a.m. to 1 p.m. Saturday. Gadbois advises arriving early and bringing ID and a cell phone if available. Applicants should also be prepared to provide tax returns later in the process.

Applicants should register online at DisasterAssistance.gov, download the Federal Emergency Management Agency’s mobile app, or call the agency’s toll-free helpline at 800-621-3362.

A news release says applicants can also apply online using the Electronic Loan Application at Disasterloanassistance.sba.gov/ela/s/, and should apply under Small Business Administration statement #17644.

Disaster loan information and application forms can also be obtained by calling 800-659-2955 (dial 711 to access Telecom Relay Services) or emailing [email protected] .gov.

Loan applications can be downloaded at sba.gov/disaster and completed applications should be mailed to the US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, Texas 76155.

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Coverage of Hurricane Ian by the Tampa Bay Times

HOW TO HELP: Where to donate or volunteer to help Hurricane Ian victims.

FEMA: Floridians injured by Ian can now seek help from FEMA. Here’s how.

THE STORM HAS PASSED: Now what? Safety tips for returning home.

QUESTIONS AFTER THE STORM: After Hurricane Ian, how to get help for fallen trees, food, damaged shelter.

WEATHER EFFECTS: Hurricane Ian was supposed to hit Tampa Bay with full force. What happened?

WHAT TO DO IF A HURRICANE DAMAGES YOUR HOME: Stay calm, then call your insurance company.

SCHOOLS: Will schools reopen soon after Hurricane Ian hits? It depends.

MORE STORM COVERAGE: Prepare and stay informed at tampabay.com/hurricane.

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