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Posted on: November 16, 2022

SBA Disaster Loans Available - Hurricane Ian and Nicole

US Small Business Administration


FLORIDA Declaration 17644 & 17645
(Disaster: FL-00178)

occurring: September 23, 2022 through November 4, 2022

occurring: November 07, 2022 through November 30, 2022 

in the Florida counties of: Brevard, Charlotte, Collier, DeSoto, Flagler, Glades, Hardee, Hendry, Highlands, Hillsborough, Lake, Lee, Manatee, Monroe, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Saint Johns, Sarasota, Seminole, and Volusia; and for economic injury only in the contiguous Florida counties of: Alachua, Bradford, Broward, Clay, Duval, Hernando, Indian River, Marion, Martin, Miami-Dade, Saint Lucie and Sumter

Application Filing Deadlines:
HURRICANE IAN:  Physical Damage: November 28, 2022 Economic Injury: June 29, 2023

HURRICANE NICOLE: Physical Damage: February 13, 2023 Economic Injury: September 13, 2023  

If you are located in a declared disaster area, you may be eligible for financial assistance from the U. S. Small Business Administration (SBA).

What Types of Disaster Loans are Available?

• Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible. 
• Economic Injury Disaster Loans (EIDL) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
Home Disaster Loans – Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles.

What are the Credit Requirements?

• Credit History – Applicants must have a credit history acceptable to SBA.
• Repayment – Applicants must show the ability to repay all loans.
Collateral – Collateral is required for physical loss loans over $25,000 and all EIDL loans over $25,000. SBA takes real estate as collateral when it is available. SBA will not decline a loan for lack of collateral, but requires you to pledge what is available.

Fact Sheet: SBA Disaster Loans - HURRICANE IAN
Fact Sheet: SBA Disaster Loans - HURRICANE NICOLE

Flyer: SBA 3 Steps to Apply

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