Press Release - Private Non-Profit Organizations in Three Additional Counties Affected by Hurricane
ATLANTA -The U.S. Small Business Administration (SBA) announced today that certain Private Non-Profit organizations (PNPs) in Duval, Nassau and St. Johns counties in Florida may be eligible to apply for low-interest disaster loans. These loans are available following a Presidential disaster declaration for Public Assistance resulting from damages caused by Hurricane Milton.
Eligible PNP organizations in the counties of Brevard, Charlotte, Citrus, Clay, Collier, DeSoto, Duval, Flagler, Glades, Hardee, Hendry, Hernando, Highlands, Hillsborough, Indian River, Lake, Lee, Manatee, Marion, Martin, Nassau, Okeechobee, Orange, Osceola, Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns, St. Lucie, Sumter, Volusia, and the Miccosukee Tribe of Indians may apply. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.
PNP organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. The interest rate is 3.25%, with terms up to 30 years.
On October 15, 2024, it was announced that funds for the Disaster Loan Program have been fully expended. While no new loans can be issued until Congress appropriates additional funding, we remain committed to supporting disaster survivors. Applications will continue to be accepted and processed to ensure individuals and businesses are prepared to receive assistance once funding becomes available.
Applicants are encouraged to submit their loan applications promptly for review in anticipation of future funding.
Regards,
Janel S. Finley, Public Affairs Specialist
Field Operations Center - East
Office of Disaster Recovery & Resilience (ODR&R)
U.S. Small Business Administration
O: (404) 331-0333
Janel.finley@sba.gov
