It’s not too late to apply for a disaster loan if you were impacted by Hurricane Irma

There is still time for Florida residents and businesses impacted by Hurricane Irma to apply for low-interest disaster loans through the U.S. Small Business Administration.

The SBA said Tuesday that more than $129 million in low-interest disaster loans have already been approved for Floridians.

The application deadline for loans for physical property damage is Nov. 9. The deadline for economic injury applications is June 11, 2018.

SBA disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters to cover uninsured losses from the disaster. Interest rates start at 3.305 percent for businesses, 2.5 percent for private nonprofit organizations, and 1.75 percent for homeowners and renters, and loan terms can be up to 30 years.

Economic injury disaster loans are also available to provide disaster-related working capital to small businesses and most private nonprofit organizations to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.

“Currently, 3,466 disaster loans have been approved in the amount of $129,290,900 for affected survivors. The SBA encourages anyone who has not applied to take action right away,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta.

To be considered for all forms of disaster assistance, applicants should register online at www.DisasterAssistance.gov or download the FEMA mobile app. For additional information on recovery centers and the disaster loan program, call the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or send an email to disastercustomerservice@sba.gov.

For more information: www.sba.gov/disaster.

This story was originally published October 24, 2017 at 1:03 PM with the headline "It’s not too late to apply for a disaster loan if you were impacted by Hurricane Irma."