03/12/2026
📢 The U.S. Small Business Administration (SBA) is offering low interest federal disaster loans to small businesses and private nonprofit organizations that experienced economic losses due to the frost and freeze that occurred January 23 – February 5. Hardee County is included in the disaster declaration.
These Economic Injury Disaster Loans (EIDL) are available to help eligible businesses and nonprofits cover working capital needs caused by the disaster, including expenses such as payroll, fixed debts, accounts payable, and other bills that could not be paid due to the event. Businesses may qualify even if they did not experience physical damage.
Loan amounts may be up to $2 million, with interest rates as low as 4% for small businesses and 3.625% for private nonprofits, and terms of up to 30 years. Payments are not due for 12 months after the first loan disbursement.
Businesses and nonprofits can apply online at sba.gov/disaster or contact SBA’s Customer Service Center at 800-659-2955 for more information.
The deadline to apply for Economic Injury Disaster Loans is November 4.