The U.S. Small Business Administration is opening a second Business Recovery Center in Lee County, its sixth in the state.
The new center, which opens at 10 a.m. October 10, will be at the Kiwanis Club of Cape Coral at 360 Santa Barbara Blvd. S.
Since Oct. 3, SBA has been opening recovery centers across the region to help business owners affected by Hurricane Ian access recovery programs and with submitting disaster loan applications.
In addition to the two centers in Lee, there are two in Collier County, one in Hillsborough County and one in Seminole County.
The agency says businesses and private nonprofit organizations “of any size” can borrow up to $2 million to “repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory and other business assets.”
Homeowners also will have access to disaster loans with up to $200,000 available to repair or replace disaster-damaged or destroyed real estate, according to the SBA. Homeowners and renters are also eligible for up to $40,000 to repair or replace disaster-damaged or destroyed personal property.
Applicants, the agency says, may be “eligible for a loan amount increase up to 20% of their physical damages, as verified by the SBA, for mitigation purposes.”
According to the SBA, businesses in Charlotte, Collier, DeSoto, Hillsborough, Lee, Manatee, Pinellas, Polk and Sarasota counties are eligible for both Physical and Economic Injury Disaster Loans. Small businesses and most private nonprofits in adjacent counties, including Pasco County, are eligible to apply only for SBA Economic Injury Disaster Loans.