SBA Opens Business Recovery Center in Daytona Beach

Volusia County Economic Development

January 06, 2023

The  U.S. Small Business Administration (SBA) will open a Business Recovery Center (BRC) in Daytona Beach to assist businesses and residents affected by losses that occurred due to Hurricanes Ian and Nicole.  

The BRC will open at 11 a.m. Monday, Jan. 9, at the Daytona Beach Regional Library (City Island), 105 Jackie Robinson Parkway. Normal operating hours will be 9 a.m. to 6 p.m. Monday to Thursday, and 9 a.m. to 5 p.m. Fridays and Saturdays. SBA Customer Service Representatives will assist business owners and residents in filling out an SBA disaster loan application. They will also accept documents for existing applications, provide updates on an application’s status, and assist with reconsideration requests.

The center will operate as indicated below until further notice: 

Daytona Beach Regional Library (City Island)
105 Jackie Robinson Parkway, Daytona Beach, FL 32114 

Opening:  Monday, Jan. 9, 11 a.m. to 6 p.m. 

Normal Operating Hours: 

• Monday to Thursday, 9 a.m. to 6 p.m.  
• Friday and Saturday, 9 a.m. to 5 p.m. 
• Closed Sunday

The disaster declaration covers Volusia County, which is eligible for both Physical and Economic Injury Disaster Loans from the SBA. 

Businesses and private nonprofit organizations of any size may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.  

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any physical property damage. 

Disaster loans up to $200,000 are available to homeowners to repair or replace disaster-damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace disaster-damaged or destroyed personal property. 

Interest rates are as low as 3.305% for businesses, 2.375% for nonprofit organizations, and 2.313% for homeowners and renters, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. 

The deadline to submit loan applications, by storm and type of loan, are:

• Jan. 12: Hurricane Ian- Physical Property
• Feb. 13: Hurricane Nicole- Physical Property
• June 29: Hurricane Ian- Economic Injury
• Sept. 13: Hurricane Nicole- Economic Injury

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloanassistance.sba.gov/ela/s/ and should apply under SBA declaration # 17729. 

To be considered for all forms of disaster assistance, applicants must register online at DisasterAssistance.gov or download the FEMA mobile app. If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362.  

Disaster loan information and application forms can also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (if you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services) or sending an email to DisasterCustomerService@sba.gov. Loan applications can also be downloaded from sba.gov/disaster. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.