Business owners financially impacted by Hurricane Idalia may be eligible for disaster assistance from the U. S. Small Business Administration. Working capital loans up to two million dollars with no interest or payments for twelve months are available to businesses that can not pay their ordinary operating expenses due to a disaster such as Idalia.
The hurricane which occurred on August 27, 2023, has been declared a natural disaster by the President and allows businesses in the county and surrounding counties where the storm made landfall to apply for this assistance.
There does not need to be physical damage to the business to be eligible as the assistance is based on economic injury rather than physical injury.
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