Disaster Funding Update for Businesses

COVID-19

All Businesses - The S.B.A. Economic Injury Disaster Loan (E.I.D.L.) allows for loan amounts up to $500,000 at 3.75 interest for up to 30 years. See the S.B.A. at www.sba.gov, for more information.

Restaurants - The Restaurant Revitalization Fund (R.R.F.) is a new program that is still being interpreted. The Restaurant Futures Loan Program (R.F.L.P.) is exclusively for restaurants with storefronts with loan amounts up to $50,000 at 0% interest. See Ascendus, at www.ascendus.org, for more information.

Other Programs Coming Soon - The Southern Opportunity And Resilience Fund (S.O.A.R.) allows for loan amounts up to $100,000 at 4% interest for 60 months. This program will be available in April. Applicants can pre-register now. The S.B.D.C. will help provide technical guidance for this loan program. See Ascendus, at www.ascendus.org, for more information.

Registration with DUNS and SAM is no longer required to participate in some of these programs.

Please visit sbdcorlando.com/lakecounty and click on the "Request for Consulting" for questions and assistance about these and other business programs.

The Florida S.B.D.C. Lake is a service provided by the University of Central Florida. They can be reached at (352) 404-7338 for questions.

www.sbdcorlando.com/lakecounty