SBA Physical Disaster Loan Deadline Approaching for Hurricane Milton Damage

Posted On: April 21, 2025

Business owners, homeowners, and renters affected by Hurricane Milton have until Sunday, April 27, to apply for a U.S. Small Business Administration (SBA) Physical Disaster Loan. These loans can help cover the cost of repairing or replacing disaster-damaged property such as real estate, equipment, inventory, or personal belongings.

To assist with the application process, the SBA is operating a Business Recovery Center at the Business Incubator, 601 Innovation Way, Daytona Beach. The center is open from 8 a.m. to 5 p.m. Monday through Friday until further notice. Residents can receive in-person guidance from SBA representatives, who are available to help complete disaster loan applications, answer questions, and provide one-on-one support, connecting individuals with the resources they need to recover.

In addition to Physical Disaster Loans, the SBA offers Economic Injury Disaster Loans, which provide working capital to small businesses, agricultural cooperatives, aquaculture businesses, and most private nonprofit organizations that are unable to meet financial obligations as a result of Hurricane Milton. The deadline to apply for an Economic Injury Disaster Loan is July 11.

Applicants approved for an SBA disaster loan may also be eligible for additional funds to reduce future disaster risk through mitigation improvements such as seawalls, sump pumps, and retaining walls.

For more information or to apply, visit www.sba.gov/disaster, call the SBA's Customer Service Center at 800-659-2955, or email disastercustomerservice@sba.gov.