SBA Opens Business Recovery Center in Collier County For the Red Tide and Toxic Algal Blooms

ATLANTA – SBA is opening a Business Recovery Center (BRC) in Collier County, on Tuesday, Oct. 16 at 9 a.m. Other Business Recovery Centers in Lee, Manatee, Pinellas and Sarasota counties are already in operation.

SBA’s Customer Service Representatives have been working diligently to assist small businesses, small agricultural cooperatives, small aquaculture businesses and private nonprofit organizations financially impacted by the red tide algal bloom that began on Nov. 1, 2017 and the toxic algal bloom that began on June 1, 2018 to obtain an SBA Economic Injury Disaster Loan for their working capital needs.

Impacted businesses are encourage to visit one of the temporary locations before they close and get answers to program questions, assistance in applying for an SBA disaster loan and help with the reconsideration process. The Centers are located and open as indicated below.

Collier County
CareerSource Southwest Florida
3050 Horseshoe Dr. N., #110
Naples, FL 34104
Opens: Tuesday, Oct. 16
Hours: Tuesday – Friday, 9 a.m. to 6 p.m.
Saturday, 10 a.m. to 2 p.m.
Closes: Saturday, Oct. 20

Lee County
City/County Annex Building
1825 Hendry Street
Fort Myers, FL 33901
Hours: Monday – Friday, 9 a.m. to 6 p.m.
Saturday, 10 a.m. to 2 p.m.

Manatee County
Manatee County Library, Island Branch
5701 Marina Road
Holmes Beach, FL 34217
Hours: Monday – Friday, 9 a.m. to 6 p.m.
Saturday, 10 a.m. to 2 p.m.

Pinellas County
Epicenter
13805 58th Street, North, Suite 2-200
Clearwater, FL 33760
Hours: Monday – Friday, 9 a.m. to 6 p.m.
Saturday, 10 a.m. to 2 p.m.

Sarasota County
Bee Ridge Park
4430 South Lockwood Road
Sarasota, FL 34231
Hours: Monday, Wednesday-Friday,
9 a.m. to 6 p.m.
Tuesday, 9 a.m. to 5 p.m.
Saturday, 10 a.m. to 2 p.m.

Eligible entities may qualify for loans up to $2 million. The SBA offers economic injury loans to help meet working capital needs caused by the disaster. The rates on these loans are 3.385 percent for small businesses and 2.5 percent for nonprofit organizations with terms up to 30 years. Eligibility for these working capital loans are based on the size and type of business and its financial resources. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have
been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoan.sba.gov.

Applications and program information are available by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing disastercustomerservice@sba.gov. Loan applications can also be downloaded at www.sba.gov. Completed applications should be returned to a center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The filing deadline to return applications for economic injury is June 4, 2019.

About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an
extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.