Disaster Loans Available For May Rain, Flooding In Broward Area

Due to heavy rains and flooding that occurred May 27-29, 2003, homeowners, renters, landlords, and businesses located in Broward County and the contiguous counties of Collier, Hendry, Miami-Dade, and Palm Beach may apply for physical damage disaster loans through SBA.

Small Businesses may also apply for economic injury disaster loan assistance. These are working capital loans to help the business continue to meet its obligations until the business returns to normal conditions. To date, SBA has approved $69,900 in disaster loans as a result of this disaster.

The physical damage disaster application deadline is August 4, 2003; the economic injury disaster loan application deadline is March 5, 2004. For further information, please call 1-800-359-2227.