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Certain Non-Profits In Area Counties May Be Eligible For Federal Disaster Loan Dollars

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sba.gov

No one has applied yet for federal loans now available in several North Florida counties affected by heavy rainfall and stormy weather in early July.  But, officials offering the disaster assistance loans says there’s still time.

Currently, those identified as needing critical help can get assistance through the Federal Emergency Management Agency. But, if FEMA feels it’s a non-critical situation, they’ll suggest they apply for disaster assistance from the federal Small Business Administration. Holmes, Walton, and Washington Counties already qualified for that type of help and the SBA’s Matt Young says one more has now been added.

“Now, Bay County is included in what we offer our low-interest loans for physical damages a private not-profit organization might have had as well as our Economic Injury Disaster Loans to help that private not-profit with their ongoing operating expenses, which could include rent for the building, or if they have a mortgage on the building, payroll,” said Young.

Private non-profits that may qualify for such assistance include colleges, libraries, and homeless shelters. Loans of up to $2 million are available with an interest rate of 2.875. The deadline to turn in applications for physical property damage is October 1st. The deadline to turn in economic injury applications is May 2nd of next year.

Applicants may apply by mailing in an application taken from the SBA's website or applying online.

For more news updates, follow Sascha Cordner on twitter @SaschaCordner.

Sascha Cordner has more than ten years of public radio experience. It includes working at NPR member station WUFT-FM in Gainesville for several years. She's worked in both radio and TV, serving in various capacities as a reporter, producer and anchor. She's also a graduate of the University of Florida with a bachelor's degree in telecommunications. She is the recipient of 15 awards from the Associated Press, Society of Professional Journalists (SPJ), and Edward R. Murrow. Her award-winning stories include her coverage on the infamous “Dozier School for Boys” and a feature titled "Male Breast Cancer: Lost in the Sea of Pink." Currently, Sascha serves as the host and producer of local and state news content for the afternoon news program "All Things Considered" at WFSU. Sascha primarily covers criminal justice and social services issues. When she's not reporting, Sascha likes catching up on her favorite TV shows, singing and reading. Follow Sascha Cordner on Twitter:@SaschaCordner.