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Hurricane Recovery Assistance

Wed, Sep 06, 2017 at 10:20AM

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As our community is now in recovery mode from Hurricane Irma this week and we want to be able to provide you with as much information as possible to assist you.  The chamber is back open as of Wednesday, September 13th and will be here the remainder of the week with limited hours, 9 am to 3 pm.  We will resume to normal hours the week of September 18. 

We have canceled all chamber meetings and events this week.  

Please know we are here for you as a resource if you need a referral, give us a call (386) 677-3151 or if you can access our website our members are listed with their contact information, www.ormondchamber.com.   For the most up to date information on recovery efforts/resources check out our Facebook page. https://www.facebook.com/ormondchamber

FPL update:  As of 9am Wednesday Morning, Ormond Beach still has 8,070 out of 23,800 customers without power. FPL has restored 13,280 of the 21,350 that were effected.
FPL anticipates full restoration of power to the east coast by the end of this weekend.
 
The State of Florida is asking small businesses that have incurred losses to complete the Business Damage Assessment Survey on the Florida Virtual Business Emergency Operations Center website at www.flvbeoc.org . The survey is designed to help the state determine the needs and level of assistance for impacted businesses but understand it is NOT an application for disaster assistance.
 
U.S. Small Business Administration has sent out the attached documents in both English and Spanish for the SBA Presidential disaster declaration for Florida that includes Volusia County due to Hurricane Irma.
 
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.  Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA for mitigation purposes. Eligible mitigation improvements may include a safe room or storm shelter to help protect property and occupants from future damage caused by a similar disaster.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private, nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan 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 up to $40,000 to repair or replace disaster damaged or destroyed personal property.

Interest rates are as low as 3.305 percent for businesses, 2.5 percent for nonprofit organizations, and 1.75 percent 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.
 
Applicants may apply online using the Electronic Loan Application (ELA) via the SBA's secure website at https://disasterloan.sba.gov/ela.
To be considered for all forms of disaster assistance, applicants should register online at www.DisasterAssistance.gov, or by mobile device at m.fema.gov. 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.  Additional details on the locations of Disaster Recovery Centers and the loan application process can be obtained by calling the SBA Customer Service Center at 800-659-2955 (800-877-8339for the deaf and hard-of-hearing) or by sending an e-mail to disastercustomerservice@sba.gov.
 
The filing deadline to return applications for physical property damage is Nov. 9, 2017. The deadline to return economic injury applications is June 11, 20SBA Fact sheet SBA Fact sheet 18.


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