SBA Disaster Loans: Loans Available After Hurricanes Fiona & Ian
In response to the devastation of Hurricanes Fiona in Puerto Rico and Ian in Florida, SBA (The U.S. Small Business Administration) Disaster Loans are now available.
The SBA created loans to assist in the event of a disaster for homeowners, renters, non-profit organizations, and businesses of all sizes impacted by Hurricanes Fiona and Ian.
Types of Loans Available
- Residential Disaster Loans – Loans for homeowners or tenants to repair/replace disaster-damaged real estate and personal property, including automobiles.
- Physical Disaster Business Loans – Business loans to repair/replace disaster-damaged property owned by the business; including real estate, inventory, supplies, machinery, and equipment. Businesses of all sizes are eligible, including private non-profit organizations such as charities, private universities, etc.
- Economic Disaster Loans (EIDL) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private non-profit organizations that meet financial obligations that cannot be filled as a direct result of the hurricane. These loans are meant to help through the disaster recovery period.
HURRICANE FIONA
On September 19, Hurricane Fiona hit the island of Puerto Rico as a category 1 hurricane causing considerable damage to the island.
Areas Eligible for Loans
The entire Commonwealth of Puerto Rico is eligible for SBA disaster assistance from Hurricane Fiona.
Deadlines for Submitting Loan Applications:
- Physical damage: November 21, 2022
- Economic damage: June 21, 2023
More Information on Hurricane Fiona SBA Disaster Loans
More details on SBA Disaster Loans can be found in the SBA Hurricane Fiona Disaster Fact Sheet.
- Link to apply for SBA Disaster Loan Assistance: https://disasterloanassistance.sba.gov/ela/s/
- SBA direct contact: (800) 659-2955 and disastercustomerservice@sba.gov.
All the information on SBA Disaster Loan Assistance following Hurricane Fiona can be found on their website.
HURRICANE IAN
On September 24, President Joe Biden approved an emergency declaration for the state of Florida ahead of Hurricane Ian. On Wednesday, September 28, hurricane Ian hit the state of Florida as a category 4 hurricane.
Areas Eligible for Loans
Florida’s primary counties eligible for disaster loan assistance are:
- Charlotte
- Collier
- DeSoto
- Hardee
- Hillsborough
- Lee
- Manatee
- Orange
- Osceola
- Pinellas
- Polk
- Sarasota
- Seminole
Contiguous Florida counties eligible for economic injury loans are:
- Brevard
- Broward
- Glades
- Hendry
- Highlands
- Indian River
- Lake
- Miami-Dade
- Monroe
- Okeechobee
- Pasco
- Sumter
- Volusia
Deadlines for submitting loan applications:
- Physical damage: November 28, 2022
- Economic damage: June 29, 2023
More Information on Hurricane Ian SBA Disaster Loans
More details on SBA Disaster Loan Assistance can be found in the SBA Hurricane Ian Disaster Fact Sheet.
- Link to apply for SBA Disaster Loan Assistance: https://disasterloanassistance.sba.gov/ela/s/
- SBA direct contact: (800) 659-2955 and disastercustomerservice@sba.gov.
All the information on SBA Disaster Loan Assistance following Hurricane Ian can be found on their website.
More information on Hurricane Ian from DHS (U.S. Department of Homeland Security) and FEMA (Federal Emergency Management Agency) can be found on their websites.
Information provided by USA.gov can be found on their website.
Assistance with Applying for SBA Disaster Loans
Your Fiducial advisor is here to help you if you are in need of assistance applying for SBA Disaster Loan Assistance. Call Fiducial at 1-866-FIDUCIAL or schedule an appointment at one of our office locations to discuss your situation.
Ready to book an appointment now? Click here. Know someone who might need our services? We love referrals!
* Information as of September 30
