MANATEE -- The U.S. Small Business Administration is publicizing the April 5 deadline to apply for disaster loans for damages caused by severe storms and a tornado on Jan. 15-17. The loans are available to businesses of all sizes, private nonprofit organizations, homeowners and renters.
Low-interest disaster loans are available in Manatee, Sarasota, Charlotte and DeSoto counties. There is also a Nov. 5 deadline to return economic injury applications.
Businesses and nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property.
Interest rates are as low as 4 percent for businesses, 2.625 percent for nonprofit organizations, and 1.813 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 on the SBA's website at disasterloan.sba.gov/ela. Disaster loan information and applications may also be obtained by calling the SBA at 800-659-2955, or by emailing firstname.lastname@example.org. Loan applications can be downloaded at sba.gov/disaster.
Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, Texas 76155.
New Anna Maria beach home sells for $3.6M
ANNA MARIA -- A new beachfront home that sold for $3.6 million is the second multimillion-dollar sale for one islands developer this year.
The 101 Palmetto Ave. home is part of a three-home waterfront collection developed by the property's owner, a company managed by Ideal Island
Properties of Anna Maria. The company sold another new home at 103 Palmetto Ave. in January for $2.54 million, according to Manatee County property records.
The most recent sale was a 4,873-square-foot home with five bedrooms, five bathrooms. The home features a beachfront view, a pool, cathedral ceilings and a private walkway to the beach. It was built in 2015.
Charles and Gabe Buky of with Coldwell Banker Residential Real Estate's Longboat Key office handled both the seller's and buyer's side of the transaction.
Coldwell Banker did not name the buyer.
-- Herald staff reports