Stories about the coronavirus pandemic are free to read as a public service at tampabay.com/coronavirus. Sign up for our DayStarter newsletter to receive updates weekday mornings. If this coverage is important to you, consider supporting local journalism by subscribing to the Tampa Bay Times at tampabay.com/subscribe.
• • •
The U.S. Small Business Administration is offering low-interest federal disaster loans to provide working capital for Florida small businesses that are being substantially injured by the coronavirus pandemic.
Loans of up to $2 million are available to help meet financial obligations and operating expenses for small businesses statewide that have been impacted since Jan. 31, as well as for private non-profit organizations of any size, small agricultural cooperatives and small aquaculture enterprises. The deadline to apply is Dec. 18.
“We will be swift in our efforts to help these small businesses recover from the financial impacts of the coronavirus,” Small Business Administration Administrator Jovita Carranza said in announcing the loans. “These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact."
This week, the state of Florida also made $50 million worth of bridge loans available to businesses with two to 100 employees that have been hurt by the pandemic. To apply for state loans of up to $50,000 per business, go to floridadisasterloan.org/eligibility-and-loan-process/.
The federal economic injury disaster loans have interest rates of 3.75 percent for small businesses and 2.75 percent for nonprofit organizations. Repayment plans of up to 30 years are available.
You can apply online, get disaster assistance information and download applications at disasterloan.sba.gov/ela. For more information, call the Small Business Administration’s customer service center at (800) 659-2955 or email email@example.com. Individuals who are deaf or hard‑of‑hearing can call (800) 877-8339. Mail completed applications to the U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Tampa Bay Times coronavirus guide
EVENT CANCELLATIONS: Get the latest updates on events planned in the Tampa Bay area in the coming weeks.
STOCK UP YOUR PANTRY: Foods that should always be in your kitchen, for emergencies and everyday life.
Follow trends affecting the local economy
Subscribe to our free Business by the Bay newsletter
You’re all signed up!
Want more of our free, weekly newsletters in your inbox? Let’s get started.Explore all your options
OTHER CORONAVIRUS WEBSITES:
We’re working hard to bring you the latest news on the coronavirus in Florida. This effort takes a lot of resources to gather and update. If you haven’t already subscribed, please consider buying a print or digital subscription.