Small nonfarm businesses in Donley County and seven neighboring counties are now eligible to apply for low interest federal disaster loans from the US Small Business Administration, according to Director Tanya N. Garfield of SBA’s Disaster Field Operations Center-West.
These loans offset economic losses because of reduced revenues caused by drought in the following primary county that began April 11, 2023.
Donley County is the primary county for the relief. Neighboring counties include Armstrong, Briscoe, Carson, Collingsworth, Gray, Hall, and Wheeler.
“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster,” Garfield said.
Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating.
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