SBA Deadline is Approaching for Florida Businesses Affected by the 2021 Surfside Building Collapse to Apply for Economic Injury Disaster Loans

The U.S. Small Business Administration is reminding businesses in Miami-Dade, Broward, Collier and Monroe counties in Florida that March 29 is the applications deadline for Economic Injury Disaster Loans (EIDLs) for small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and private nonprofit organizations affected by the Surfside Building Collapse on June 24, 2021.

“Businesses that suffered economic losses as a result of the disaster and want to apply for low-interest loans from the SBA are urged to do so before the March 29 deadline,” said Kem Fleming, director of SBA Field Operations Center East.

Working capital loans up to $2 million are available at 2.88 percent for small businesses and 2 percent for private nonprofit organizations, with terms up to 30 years. The loans are intended to pay fixed debts, payroll, accounts payable, and other expenses that could have been paid had the disaster not occurred. To be considered for this assistance, eligible entities need to apply by the deadline.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoanAssistance.sba.gov/ela/s and should apply under SBA declaration # 17006, not for the COVID-19 incident.

Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (for people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services), or emailing [email protected]. Loan applications may be downloaded at sba.gov/disaster. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline to return economic injury loan applications is March 29, 2022.