A note from US Small Business Administration
Small nonfarm businesses in 14 Iowa counties and neighboring counties in Minnesota and Nebraska are now eligible to apply for low‑interest federal disaster loans from the U.S. Small Business Administration. These loans offset economic losses because of reduced revenues caused by drought in the primary counties that began Aug. 2, 2022.
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 expenses which could have been met had the disaster not occurred.
SBA customer service representatives are available at the contact information below. SBA will answer specific questions about how a disaster loan may help each survivor recover from the disaster damage and will provide one-on-one assistance in completing applications for these loans.
Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard-of-hearing please dial 7-1-1 to access telecommunications relay services.
The deadline to apply for economic injury is May 26, 2023.
For more details check out the Fact Sheet and Press Release at the links below:
