The U.S. Small Business Administration is extending the physical damage loan deadline for disaster declarations affected by the 2024 federal funding lapse.
- The new deadline to apply for PHYSICAL DAMAGE is April 27, 2025.
- The new deadline for ECONOMIC INJURY is July 11, 2025
The disaster declaration covers Alachua, Baker, Bradford, Brevard, Charlotte, Citrus, Clay, Collier, Columbia, DeSoto, Dixie, Duval, Flagler, Franklin, Gilchrist, Glades, Gulf, Hamilton, Hardee, Hernando, Hendry, Highlands, Hillsborough, Indian River, Jefferson, Lafayette, Lake, Lee, Leon, Levy, Madison, Manatee, Marion, Martin, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns, St. Lucie, Sumter, Suwannee, Taylor, Union, Volusia Wakulla counties, as well as the Miccosukee Tribe of Indians of Florida.
Businesses and nonprofits are eligible to apply for business physical disaster loans. They may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.
Read or download these FACT SHEETS from the SBA for more information about SBA disaster loans, including types, credit requirements, interest rates, terms, limits, eligibility, and more.
Visit these BDB landing pages to find previous Hurricane Milton communications and additional resources.
- Hurricane Milton Communication #7:Summary of Resources for Recovery
- Hurricane Milton Communication #6: Disaster Unemployment Assistance from FloridaCommerce
- Hurricane Milton Communication #5: Additional Resources for Other Industries and Needs
- Hurricane Milton Communication #4: Damage Assessment Survey
- Hurricane Milton Communication #3: Emergency Bridge Loans
- Hurricane Milton Communications #1-2: FPL outage info., and Martin County Disaster Assistance
