Miramar EIDL Disaster Loans and SBA Grants in Florida

Miramar FL EIDL Disaster Loans and SBA Grants in Florida

Miramar, Florida is the #196 ranked city based on population. 142,445 residents live in Miramar.

Miramar, Florida SBA Loans are a type of loan issued by the Small Business Administration (SBA). It provides either term loans or working capital to qualified small businesses through banks and other private lenders.

Miramar, Florida was considered a disaster area due to COVID, which allowed Miramar small business owners and those Florida residents that qualified to apply.

What are Miramar SBA Disaster Loans (EIDL and PPP)?

Miramar, FL, and all other major cities have multiple SBA loan programs, including the popular Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP). 

In Miramar, FL news, the U.S. Small Business Administration (SBA) announced that the deadline to apply for the Florida Economic Injury Disaster Loan (EIDL) program for the COVID-19 Pandemic FL disaster declaration has been extended to December 31, 2021.

The Miramar, Florida Paycheck Protection Program (PPP) deadline has already expired.

SBA loans are a type of loan given by the US government that must be paid back over a period of time. This is a low-interest debt that the Small Business Administration guarantees. This means that if the borrower defaults on their payment, the federal government will cover it to protect against loss.

These loans are popularly used in business expansion and provide an easy way for a company to receive a loan when they have trouble borrowing from banks or traditional lenders.

What are Miramar SBA Grants?

Miramar, Florida SBA grants, unlike loans, do not have to be repaid with interest fees. These grants come from several sources, including the US Department of Education and state governments / agencies that run specific grant programs designed to give employers money to assist with training and education programs. 

The SBA loans are also used to recover from financial losses due to COVID and other natural disasters, such as floods, hurricanes, tornados, storms, fires, earthquakes, and other forms of natural disasters in Miramar, Florida.

Grants are often awarded to help Miramar, Florida small businesses offset the cost of employee training, or they can be used for start-up costs, such as new technology and equipment.

How Do SBA Disaster Loans Work in Miramar, FL?

Miramar, Florida banks and private lenders provide SBA loans to small businesses that may not qualify for traditional loans. The Small Business Administration guarantees these loans against default, helping the business obtain financing from a place they couldn’t get it before.

As the loan is guaranteed, the interest rates tend to be lower as well as monthly payments. This makes SBA loans very popular with those who need funding fast but don’t want an expensive payment plan.

In Miramar, Florida, many businesses have received this SBA loan help and were able to grow their companies thanks to this assistance from the SBA in FL.

How Many Miramar SBA Disaster Loans Can You Have?

Miramar, Florida and Federal law restricts the number of SBA loans that can be issued. This is to help promote competition in the small business lending market and prevent large companies from swallowing up smaller ones.

With some exceptions, the limit for how many SBA 7(a) loans a company can have depends on how much money it has already borrowed.

How Long Do Miramar SBA Loans Take to Process?

The Miramar, Florida SBA loan process from application to final approval can take anywhere from three weeks to several months. This is because Miramar city lenders need to make sure everything is in order before committing this size.

While every Miramar, Florida company’s situation is different, it typically takes between 7 to 10 days for a company to qualify and be approved for an SBA loan. It is reported that, on average, it takes approximately 9 more days for the funds to go through once you are approved.

How to Apply for Miramar EIDL, PPP, or SBA Loans?

In the past, a business owner would have to go through a lengthy application process and meet certain requirements before being approved for an SBA loan. Now, companies can apply online, in some cases taking less than 10 minutes.

Once you’re approved, it takes about 2 weeks for lenders to fund your account since this is how long it takes for the company’s underwriting department to review everything once they receive all of the necessary documents about you and your Miramar, Florida business.

You’ll also need to allow time for any additional documentation that may come up during the approval process, which can add another week or more to this period.

How to Qualify for Grants for a Small Business in Miramar?

Grants are given to companies through both state and federal agencies for several reasons, and based on fund availability. Most commonly, they are employed in matching grants where the company must provide some funding themselves.

Miramar, Florida’s small businesses qualify based on their revenue, employees, or even employees that work within specific minority groups or low-income areas.

How to Apply for Small Business Grants in Miramar?

A company can apply for SBA grants by filling out an application for Miramar, Florida. In addition, the US government has a listing of all their available grants, including those provided through the SBA.

You’ll need to compose a proposal that explains why you qualify for the money and how much will be used to assist with your business goals. This proposal can include written proposals, presentations, or other presentation material depending on what requires.

The total amount you receive depends on how much money is available for distribution each year, and there may be different rules depending on if it’s federal or state funding.

Nearest Miramar, FL Local SBA Office Address and Contact Information

In Florida, there are five offices:
Jacksonville, FL
Orlando, FL
Miami, FL
Fort Pierce, FL
Tampa, FL

Main SBA Assistance Office:
Jacksonville, Florida SBA Office

7825 Baymeadows Way Suite 100B
Jacksonville, FL

Florida SBA Telephone and Email Contact Information:

Phone Number:


Jacksonville – North Florida District Office

The SBA North Florida District Office is located in Jacksonville, and serves the following 43 counties: Alachua, Baker, Bay, Bradford, Calhoun, Citrus, Clay, Columbia, Dixie, Duval, Escambia, Flagler, Franklin, Gadsden, Gilchrist, Gulf, Hamilton, Hernando, Holmes, Jackson, Jefferson, Lafayette, Lake, Leon, Levy, Liberty, Madison, Marion, Nassau, Okaloosa, Orange, Putnam, Santa Rosa, Seminole, St. Johns, Sumter, Suwannee, Taylor, Union, Volusia, Wakulla, Walton, and Washington.

The District Office is located at 7825 Baymeadows Way, Suite 100B, Jacksonville, FL.  Office hours are from 8:00 AM until 4:30 PM, Monday through Friday.

Orlando, Florida SBA Office 

200 E. Robinson Street Suite 1270
Orlando, FL

Miami, Florida SBA Office 

51 SW 1st Avenue Suite 201
Miami, FL

The SBA South Florida District and two satellite offices are responsible for the delivery of SBA programs in South Florida. Serves 24 Counties of Florida: Brevard, Broward, Charlotte, Collier, Desoto, Glades, Hardee, Hendry, Highlands, Hillsborough, Indian River, Lee, Manatee, Martin, Miami-Dade, Monroe, Okeechobee, Osceola, Palm Beach, Pasco, Pinellas, Polk, Saint Lucie, Sarasota.

Ft. Pierce, Florida SBA Office

505 S. Second Street Suite 225
Ft. Pierce, FL
(772) 466-3176

Tampa, Florida SBA Office

777 S. Harbour Island Boulevard Suite 215
Tampa, FL
(813) 228-2100 x24

Miramar, FL SBA Summary and Conclusion

Miramar, Florida SBA loans and grants can be a great resource for any company looking to expand its operations, and many Miramar, Florida businesses have benefited from this type of SBA financing. Do you think your small business could benefit from an SBA loan? Did you already apply for one? Or, were you turned down for a PPP, EIDL, or other SBA disaster loan in Miramar, Florida?

Share your thoughts in the comment section below.

Miramar, Florida Small Business Help: Get Loan Assistance for Your Business in Miramar

Was Your Miramar SBA Disaster Loan Denied?

Has your Miramar SBA disaster EIDL loan been denied?

We can assist you in filing for an SBA EIDL loan reconsideration appeal for your business that was affected by COVID in Miramar, Florida.

Schedule Your Free Disaster Loan Consultation to see if we may be able to help your Miramar, FL business with the SBA Loan Reconsideration Process.

Need an Increase on Your Miramar SBA Disaster Loan?

Did you already receive a Miramar SBA EIDL disaster loan for your business?

We can assist your Miramar, FL business in requesting additional SBA EIDL loan funds through the increase request process.

Schedule Your Free Disaster Loan Consultation to see if we may be able to help your Miramar, FL business with the SBA Increase Request Process.

Cover Image Credit: 123RF.com / F8studio, IgorBondarenko / Disaster Loan Advisors.

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