Cape Coral Economic Dev

Businesses in Lee County may qualify for low interest loans through the U. S. Small Business Administration as a result of economic losses believed to be created by the Deepwater Horizon Oil Spill. Despite the fact that no oil has hit the shores of Lee County and none is expected, tiny businesses which do not qualify for economic loss grants from British Petroleum (BP) may qualify for the newly approved Economic Injury Disaster Loan (EIDL) These loans offer up to $2 million at 3 percent or 4 percent interest for up to three decades.