Dear Nonprofit Partners,

We are working with federal, state, and local agencies to uncover resources specific to the needs of nonprofit organizations. This email is an update to yesterday's message. A second resource has been unlocked! SBA Economic Injury Disaster Loan Program is available to private nonprofits! Once you read and determine if it is right for you please move forward with applying. Funds will be dispersed and we need our community organizations stabilized and funded to support the groups we serve. Schedule impromptu virtual calls with your board or trustees to garner the support you need.

Before you self-eliminate from this opportunity, call to get your questions answered, 1-800-659-2955.

Please forward this email to other nonprofit organizations to help spread the announcements. As other resources become available I will keep you updated. Thank you.
Headshot of Amber Batchelor President and CEO
In Service to You,
Amber Batchelor
President & CEO
Sebastian River Area Chamber of Commerce
Private Nonprofits Can Apply for
SBA Economic Injury Disaster Loan
SBA Announced Disaster Declaration Yesterday Evening! Unlocking Financial Assistance for our area:
Indian River, Brevard, and St. Lucie Counties
What is the SBA’s Economic Injury Disaster Loan (EIDL) program?

If you have suffered substantial economic injury and are one of the following types of businesses located in a  declared disaster area , you may be eligible for an SBA Economic Injury Disaster Loan (EIDL):
  • Small Business
  • Small agricultural cooperative
  • Most private nonprofit organizations

Eligibility and Terms
  • The interest rate on EIDLs will not exceed 4 percent per year. The term of these loans will not exceed 30 years. The repayment term will be determined by your ability to repay the loan.

  • EIDL assistance is available only to small businesses when SBA determines they are unable to obtain credit elsewhere.

  • A business may qualify for both an EIDL and a physical disaster loan. The maximum combined loan amount is $2 million.
SBA Economic Injury Disaster Loan (EIDL) Details.

Loan Amounts and Use
  • Substantial economic injury means the business is unable to meet its obligations and to pay its ordinary and necessary operating expenses.

  • EIDLs provide the necessary working capital to help small businesses survive until normal operations resume after a disaster.

  • The SBA can provide up to $2 million to help meet financial obligations and operating expenses that could have been met had the disaster not occurred.
  • Your loan amount will be based on your actual economic injury and your company's financial needs, regardless of whether the business suffered any property damage.
How to Apply

You must submit the completed loan application and a signed and dated  IRS Form 4506-T   giving permission for the IRS to provide SBA your tax return information.

For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail  [email protected] .
"In the Know" Business Briefing | March 24
Be on the Call. Hear from the Experts.
"In the Know" Virtual Series by Sebastian River Area Chamber of Commerce

Tuesday, March 24 | 10 AM

Hear from Ken Lawson, Executive Director, Florida Department of Economic Opportunity and Tom Kindred, Jr. for Small Business Development Center (SBDC) Regional Director

Following an economic disaster in Florida, the Florida Small Business Development Center at Indian River State College (FSBDC@IRSC) serves as the business community’s primary contact for the Florida Small Business Emergency Bridge Loan Program – A state disaster loan program. The program is managed by the Florida Department of Economic Opportunity (DEO),

This week, Governor Ron DeSantis announced the activation of the Florida Small Business Emergency Bridge Loan Program to support small businesses impacted by COVID-19. The application period opens today, March 17, 2020 and runs through May 8, 2020.

Yesterday, Indian River, Brevard, and St. Lucie Counties were included in the Disaster Declaration to unlock SBA Economic Injury Loans due to the work of Florida DEO and Gov. DeSantis.

Please note: We are working on a nonprofit specific "In the Know" session and will post updates to our website www.sebastianchamber.com.
Ken Lawson
Executive Director
Florida Department of Economic Opportunity
Tom Kindred, Jr.
Small Business Development Center (SBDC) Regional Director