Small Business Administration Low Interest Loans
The U.S. Small Business Administration (SBA) is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofit organizations that July 5 is the filing deadline for federal working capital loans due to drought that began on Nov. 1, 2022. Low-interest disaster loans are available in several Minnesota counties and the bordering counties of Pierce, Polk and Saint Croix in Wisconsin. Under this declaration, the SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster.