The Navarre Beach Area Chamber of Commerce is hosting an Emergency Disaster Loan Virtual Q&A Tuesday (March 24) at 4 p.m. Ayesha Haider with Florida’s Small Business Develop Center consultant will lead it.
Email Haider at firstname.lastname@example.org to register for the event.
Haider will discuss the Small Business Association’s Economic Injury Disaster Loans (EIDL). The loan program is available to small businesses, small agricultural cooperatives and most private nonprofit organizations. More businesses and organizations qualify for this program than they do the Emergency Bridge Loan Program.
EIDL provides up to $2 million with terms up to 30 years and an interest rate that cannot exceed 4%. Loan terms are determined by your ability to pay it. The loan is often applied for at the same time as the EBL as a longer term solution. The loan is meant to bridge the gap and get money to you quickly while you work to secure an EIDL loan. You do not have to apply for both loans.
The Florida SBDC works with the Florida Department of Economic Opportunity and First Florida Capital Finance Corporation to process the EBL loans. SBDC consultants can help you apply for EIDL as well.
Information on EBL: https://floridadisasterloan.org/
Information on EIDL: https://disasterloan.sba.gov/ela/information/EIDLLoans
To request SBDC Consulting: https://sbdc.uwf.edu/