SBA issues disaster declaration for SWFL businesses affected by algae, red tide
A disaster declaration was issued for red tide and algal blooms plaguing Southwest Florida waterways, according to a statement from Gov. Rick Scott.
The U.S. Small Business Administration issued the declarations, according to the statement. The declaration for the blue-green algal blooms refers the releases from Lake Okeechobee as the cause.
Small businesses affected by the water crisis can apply for low-interest Economic Injury Disaster Loans from the SBA, according to the statement.
The application is open to all counties across Southwest Florida, with possible loans up to $2 million with 3.6 percent interest.
The regular hours are from 9 a.m. to 6 p.m. Monday through Friday; 10 a.m. to 2 p.m. Saturday at the City/County Annex on 1825 Hendry St. in Fort Myers.
You can visit the SBA website here.