SBA Business Loans Now Available for Drought Relief

Scott Olson
Getty Images News

The U.S. Small Business Administration announces federal disaster loans are available to small agricultural cooperatives, small businesses, small aquaculture enterprises, and most non-profits in several counties in our area, including Adams, Brown, Pike and Scott in Illinois, and Marion, Ralls, and Pike in Missouri. The loans are a result of the recent drought conditions. Loans can be made for up to 2 million dollars at interest rates of 3 to 4 percent with terms up to 30 years for eligible farm-related and nonfarm-related businesses that suffered financial losses as a direct result of the drought. Applicants can call the SBA Customer Service Center at 800-659-2955 or go to the site disasterloan.sba.gov before March 25, 2013.