Hurricane Irma disaster loans deadlines for business in June

May 29--Low-interest loans are still available to small businesses and nonprofit groups in Broward County and the Seminole Tribe of Florida that were affected by Hurricane Irma from Sept. 4 to Oct. 4, 2017.

The deadline for loan applications is June 27, according to the U.S. Small Business Administration.

The working capital disaster loans are designed for businesses and nonprofits that suffered economic losses due to the storm, according to Richard Morgan, acting director of SBA Field Operations Center East.

The loans are available for up to $2 million at a 3.3 percent interest rate for small businesses, and 2.5 percent for private nonprofit organizations, with terms of up to 30 years. The loans can be used to pay fixed debts, payroll, accounts payable, and for other expenses that could have been paid had the disaster not occurred.

Those interested can apply online at DisasterLoan.sba.gov. Loan applications can also be downloaded at sba.gov/disaster.

Businesses may also obtain information and loan applications by calling the SBA's Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing), or by emailing disastercustomerservice@sba.gov.

Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX, 76155.

Other Florida counties eligible for disaster loans are Collier, Glades, Hendry, Hillsborough and St. Lucie counties, the SBA said.

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mpounds@sunsentinel.com or 561-243-6650, twitter: @marciabiz

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