CFO Sink Urges Governor Crist Seek SBA Disaster Declarations
CONTACT: Jerri Franz or Nina Banister, 850-413-2842
TALLAHASSEE—Florida CFO Alex Sink today sent a letter to Governor Charlie Crist urging him to request the Small Business Administration make Economic Injury Disaster Declarations for Florida counties affected by the Deepwater Horizon oil spill. Under this program, SBA can provide up to $2 million in disaster assistance to a business, with interest rates capped at 4 percent a year for up to 30 years. Only a governor can certify to the SBA that there are qualifying businesses in a disaster area.
“These loans are exactly the type of assistance that our small businesses need,” CFO Sink wrote.
As a statewide elected officer of the Florida Cabinet, CFO Alex Sink oversees the Department of Financial Services. A successful business leader with nearly three decades of experience in the private sector, Sink is serving her first term as Florida's CFO. CFO Sink's priorities include using her business experience to cut wasteful spending, holding government accountable to Florida’s taxpayers, and cracking down on financial and insurance fraud.