The federal Small Business Administration is offering low-interest loans to companies and nonprofits damaged by the flooding that struck West Central Florida from July 25 to Aug. 9.

Organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

For small businesses, small agricultural cooperatives, small aquaculture businesses and most private nonprofit organizations of all sizes, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster.  EIDL assistance is available regardless of whether the business suffered any physical property damage.

Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property.

Interest rates are as low as 4 percent for businesses, 2.625 percent for nonprofit organizations, and 1.875 percent for homeowners and renters with terms up to 30 years.  Loan amount and terms are set by the SBA and are based on each applicants financial condition.

Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA, to make improvements that help prevent the risk of future property damage caused by a similar disaster.

Applicants may apply online by clicking here to visit the Electronic Loan Application

SBA will also open an outreach center Friday to help loan applicants.

HILLSBOROUGH COUNTY

Keystone Recreation Center

17928 Gunn Highway

Odessa, Florida  33556

Opens:                 Friday, Oct. 2 at 9 am

Hours:                   9 am to 6 pm daily

Closed: Sunday, Oct. 4

Closes:                  Thursday, Oct. 8 at 4 pm

PASCO COUNTY

Pasco County Community Development

5640 Main Street, Third Floor

(Entrance to facility is on Nebraska Avenue) New Port Richey, Florida 34652

Opens:                 Friday, Oct. 2 at 8 am

Hours:                   8 am to 5 pm daily

Closed: Sunday, Oct. 4

Closing: Thursday, Oct. 8 at 4 pm

PINELLAS COUNTY

Palm Harbor Fire Rescue Station 65

250 West Lake Road

Palm Harbor, Florida 34684

Opens:                 Friday, Oct. 2 at 9 am

Hours:                   9 am to 6 pm daily

Closed: Sunday, Oct. 4

Closing: Thursday, Oct. 8 at 4 pm