Deadline to Apply for Disaster Loans Coming April 2
Written by WKTN Staff on March 6, 2020
The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations that April 2 is the filing deadline for federal economic injury disaster loans in Ohio as a result of excessive rain and flooding on April 1 through July 3, 2019.
In our region, the loans are available in Allen and Auglaize Counties.
The loans are for working capital and can be up to $2 million with interest rates of 4 percent for eligible
small businesses and 2.75 percent for nonprofit organizations, and terms up to 30 years.
Applicants may apply at the secure website Disaster Loan.sba.gov.