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SBA Disaster Loans Available in Levy

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By The Staff

The U. S. Small Business Administration has federal economic injury disaster loans available to small businesses, small agricultural cooperatives and most private non-profit organizations in Florida due to a drought that occurred from March 15, 2009 to May 26, 2009. These loans are available for Levy County.    The SBA’s Economic Injury Disaster Loan program is available to farm-related and nonfarm-related small business concerns, small agricultural cooperatives and most private non-profit organizations of all sizes that suffered financial losses as a direct result of this disaster. Farmers and ranchers are not eligible to apply to SBA, but nurseries are eligible to apple for economic injury disaster loans for losses caused by drought conditions.    Eligible small businesses and non-profit organizations may qualify for loans up to $2 million.    

These loans are available at a 4 percent interest rate with loan terms up to 30 years. The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. Under this disaster declaration, the SBA cannot provide loans to agricultural producers. Disaster loan information and application forms may be obtained by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the hearing impaired) Monday through Friday from 8 a.m. to 6 p.m. EDT or by sending an email to  disastercustomerservice@sba.gov. Loan applications can be downloaded from the SBA’s Web site at   www.sba.gov/services/disasterassistance.     Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.    Those affected by the disaster may apply for disaster loans from SBA’s secure Web site at   https://disasterloan.sba.gov/ela/.     Completed loan applications must be returned to SBA no later than March 22, 2010.