SBA Economic Injury Disaster Loans Available for Tampa Bay Businesses Impacted by BP Oil Spill

On 5/13/2010, the SBA declared the Tampa Bay area businesses eligible for SBA Economic Injury Disaster Loans if the business has been negatively impacted by the deepwater BP oil spill. The following counties in the Tampa Bay area are eligible: DeSoto, Hardee, Hernando, Hillsborough, Manatee, Pasco, Pinellas, Polk, and Sarasota.

Applicants must have credit history acceptable to the SBA and have the ability to repay the loan. If loan is over $5,000, the SBA requires collateral when available. However, the SBA will not decline the loan for lack of collateral. Approved loans are at a 4.00% fixed interest rate for a maximum term of 30 years.

Application deadline is February 14, 2011.

For further information, see SBA Disaster Loan for Deepwater BP Oil Spill Fact Sheet or to apply online see SBA Disaster Loan Online Application.

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