The Florida SBDC at FIU is a member of the Florida SBDC Network, a statewide partnership program nationally accredited by the Association of America's SBDCs and funded in part by the U.S. Small Business Administration, Defense Logistics Agency, State of Florida, and other private and public partners.The SBDC at FIU provides access to the disaster capital and resources your business needs to recover, rebuild and grow.

Free individual program assistance

Free business program assistance

Economic Injury Disaster Loan and Loan Advance

US Small Business Administration
U.S. Citizens and Permanent Residents
  • Loans of up to $2 million for all operational needs
  • Available to for-profits and nonprofit organizations of all sizes
  • A maximum fixed interest rate of 3.75% for small businesses and 2.75% for nonprofit organizations  
  • Loan repayment terms of up to 30 years
  • Upon completion of the disaster loan application, small businesses are also eligible for an Economic Injury Disaster Advance Loan of up to $10,000. If selected, funds will be made available within three days of a successful application submission. This loan advance will not have to be repaid, even if an applicant’s Economic Injury Disaster Loan is denied
September 30, 2020

Paycheck Protection Program

U.S. Small Business Administration
U.S. Citizens and Permanent Residents
  • Forgivable loans for up to two months of your average monthly payroll costs from the last year plus an additional 25% of that amount, up to $10 million per company
  • For sole proprietors or independent contractors, maximum is capped at $100,000
  • 1% fixed interest rate
  • Loans will be completely forgiven if funds are used for payroll, interest on mortgage, rent, and utilities, however, at least 75% of the loan must be used for payroll only (in other words, no more than 25% can be used for non-payroll expenses such as rent)
  • Loan payments are deferred for six months, however interest accumulates during this time
August 8, 2020