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Jul 25 2012

Disaster Loans Extended to Non-Farm Businesses

We’ve heard a lot about how the government is helping farmers get by during this disastrous period of drought; but now, non-farm businesses in 105 Missouri counties, including Audrain, are eligible for low interest federal disaster loans from the U.S. Small Business Administration.

SBA officials announced on Tuesday small non-farm businesses, agricultural cooperatives, businesses, and nonprofit organizations may qualify for Economic Injury Disaster Loans of up to $2 million.

SBA spokesman Alex Contreras explains that in cities where the economy is primarily based on agriculture, when farmers hurt, so do the businesses.

Click here to apply online using the Electronic Loan Application via the SBA’s secure website.

Click here for loan information and application forms.

The deadline to apply for these loans is March 18, 2013.