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SBA Offers Low Interest Loans to Businesses Affected by Algae Blooms

The U.S. Small Business Administration (SBA) announced yesterday that low interest loans are available to Florida small businesses and private nonprofits affected by algae blooms.

The rates on these loans are 3.6% for small businesses and 2.5% for nonprofit organizations with terms up to 30 years. The filing deadline is June 4, 2019.

Beginning September 7, SBA customer service reps will be available at the Disaster Loan Outreach Center located at the City/County Annex Building, 1825 Hendry Street, Fort Myers.

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