Home » Organizational News & Events » Small Business Administration (SBA) Offers Low-Interest Disaster Loans to Businesses & Residents Affected by May 26-27 Flash Flooding 

Small Business Administration (SBA) Offers Low-Interest Disaster Loans to Businesses & Residents Affected by May 26-27 Flash Flooding 

The U.S. Small Business Administration (SBA) is offering low-interest disaster loans in response to the May 26 – 27 flooding event that affected Miami-Dade County, including Sunny Isles Beach. Businesses of all sizes, private, non-profit organizations, homeowners and renters with physical or economic damages stemming from this disaster are encouraged NOT to wait for a response from insurance claims, and apply as they may be eligible for Federal Disaster Assistance from SBA.

The filing deadline to return applications for physical property damage is October 13, 2020. The deadline to return economic injury applications is May 13, 2021. There are no fees to apply for, or withdraw from SBA disaster assistance, nor is there an obligation for an applicant to take a loan if approved. By submitting an application, applicants secure access to possible financing they can use as part of their recovery efforts.

How to Apply

You may apply online at DisasterLoanAsisstance.sba.gov or by contacting the SBA’s Virtual Disaster Loan Outreach Center (VDLOC), at 1.800.659.2955, Monday through Friday, from 8:00 am to 8:00 pm, where SBA Disaster Assistance Specialists are available to provide one-on-one expert support.

Deadlines:

  • October 13, 2020 to return applications for physical property damage
  • May 13, 2021 to return economic injury applications