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Federal loans available for small businesses affected by toxic algae

Posted: 10:18 PM, Sep 05, 2018
Updated: 2018-09-06 13:22:54Z
Loans available for businesses hurt by algae
Loans available for businesses hurt by algae

The U.S. Small Business Administration is offering low-interest loans to Florida small businesses, small agricultural cooperatives, small aquaculture businesses and private nonprofit organizations affected by toxic algae blooms, according to a news release from the SBA.

The loans became available after the SBA received a letter from Gov. Rick Scott on Aug. 20 requesting a disaster declaration, said the release.

The declaration covers the following counties: 

  • Palm Beach 
  • St. Lucie 
  • Martin 
  • Okeechobee
  • Lee 
  • Charlotte 
  • Collier
  • Glades
  • Hendry

“The SBA is strongly committed to providing the people of Florida with the most effective and customer-focused response possible to assist small businesses with federal Economic Injury Disaster Loans,” said McMahon. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”  

The Disaster Loan Outreach Center opens Friday, Sept. 7 at 11 a.m. at 1895 SE Flying Fortress Way in Stuart and also in Lee County City t 1825 Hendry Street in Fort Myers.

The hours of operation will be Monday through Friday from 9 a.m. to 6 p.m. and Saturday, from 10 a.m. to 2 p.m.

Click here to learn more and apply for the loans.