Steve Downes
Steve Downes
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The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations that Sept. 5 is the filing deadline for federal economic injury disaster loans in Ohio as a result of the drought from June 1 through Oct. 4, 2016.

The declaration includes Hancock, Hardin, Marion, Union and Wyandot Counties.

Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster.

The loans are for working capital and can be up to $2 million with interest rates of 4 percent for eligible small businesses and 2.625 percent for nonprofit organizations, and terms up to 30 years.

Applicants may apply online at disasterloan.sba.gov.

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