SBA Hurricane Ian assistance over $1 billion

SBA Administrator Isabella Casillas Guzman yesterday announced that more than $1 billion in disaster assistance has been approved by the SBA for small businesses, homeowners, renters, and private nonprofit organizations with losses resulting from Hurricane Ian in September.

As of November 28, the SBA had approved 14,877 low-interest disaster loans delivering a combined $1,049,679,000 to small businesses, homeowners, renters, and nonprofits in Florida. The SBA is rapidly processing applications and will continue working to meet the needs of all those affected by the hurricane.

The Florida Disaster Declaration, issued by President Biden, began on September 23 and now includes the following counties: Brevard, Charlotte, Collier, DeSoto, Flagler, Glades, Hardee, Hendry, Highlands, Hillsborough, Lake, Lee, Manatee, Monroe, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Saint Johns, Sarasota, Seminole, and Volusia. Small businesses impacted by the hurricane in these counties are eligible for both Physical and Economic Injury Disaster Loans.

Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for Economic Injury Disaster Loans (EIDLs): Alachua, Bradford, Broward, Clay, Duval, Hernando, Indian River, Marion, Martin, Miami-Dade, Saint Lucie, and Sumter.