Are the SBA Loans Still Available

[{"selector":"#anim-c4154157-1952-4d6e-8772-bcb89539f056 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Governor DeSantis recently announced SBA disaster loans for businesses and residents in central Florida affected by a tornado.

[{"selector":"#anim-bb129990-838c-4ecd-b50e-03f9661a9f1a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] The disaster loan for EIDL, Home Disaster, and Business Disaster support the program.

[{"selector":"#anim-ea9b7674-af4f-45bc-a899-d43c96803b5c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Completed loan applications for 'Business Physical Disaster' loans must be submitted to the SBA by May 27, 2022.

[{"selector":"#anim-c8bcd4e2-49a9-435b-8b39-fccc8959fbf5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-5395f5d1-a3cb-4360-a92e-bba36590ec4d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-346f24fa-4fd7-4137-8c43-202f16aa416c","keyframes":{"transform":["rotate(-55deg) translate3d(-120.54795%, 0px, 0) rotate(55deg)","rotate(-55deg) translate3d(0px, 0px, 0) rotate(55deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 'Economic Injury Disaster' loan applications must be submitted by December 28, 2022.

[{"selector":"#anim-919c1bf8-9ad7-4c4f-8f58-e44d4144a91d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-af84cadf-b007-4cae-bd3b-02e84568d4a3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0c2e567a-8d4c-4d1b-8cbd-ae9f38997014","keyframes":{"transform":["rotate(-40deg) translate3d(124.56140%, 0px, 0) rotate(40deg)","rotate(-40deg) translate3d(0px, 0px, 0) rotate(40deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Bank of America confirmed that a new credit application would be accepted for a limited time, commencing May 1, 2022, and ending September 30, 2022.

[{"selector":"#anim-79a0b260-1f64-4bce-a218-dd735eccfa7a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] By January 31, 2023, the qualifying secured term loan must close.

[{"selector":"#anim-ccf38c35-62ef-42ad-82b4-4d010bd29350 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Only qualifying secured term loans with a minimum of $100,000 and a maximum of $5,000,000 are eligible for this offer.

[{"selector":"#anim-7368aff1-3e70-407c-b510-b3f98b1b629c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] The collateral and documentation requirements of the SBA are governed by SBA standards.

[{"selector":"#anim-5a920256-2000-496a-9a4f-ad821fc49935 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] In the case of EIDL, SBA ceased accepting new COVID EIDL loans or advance applications on January 1, 2022.

[{"selector":"#anim-d5530693-4d77-43c2-ac17-8a6d22c19378","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6b0c30ba-5723-410b-8fa0-9e228ca39127","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-afec0fbe-9eef-47b2-9464-1068abfcfbe7","keyframes":{"transform":["rotate(-48deg) translate3d(0px, -1578.97783%, 0) rotate(48deg)","rotate(-48deg) translate3d(0px, 0px, 0) rotate(48deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] SBA stopped reviewing COVID-19 EIDL loan increase requests or reconsideration due to a lack of funds from May 6, 2022. Burst with Arrow To Know More Light Yellow Arrow Learn more