Good Luck
Redskins!

Friday
June 05th, 2020

Special to the Leader & Times

 

SACRAMENTO, Calif. – Small nonfarm businesses in eight Oklahoma counties, including all three Panhandle counties, and neighboring counties in Colorado, Kansas, New Mexico and Texas are now eligible to apply for low interest federal disaster loans from the U.S. Small Business Administration, announced Director Tanya N. Garfield of SBA’s Disaster Field Operations Center-West. 

These loans offset economic losses due to reduced revenues caused by drought that began Nov. 2, 2019 in the following counties:

Primary Oklahoma counties: Cimarron, Texas and Tillman

Neighboring Oklahoma counties: Beaver, Comanche, Cotton, Jackson and Kiowa;

Neighboring Colorado county: Baca;

Neighboring Kansas counties: Morton, Seward and Stevens;

Neighboring New Mexico county: Union;

Neighboring Texas counties: Dallam, Hansford, Ochiltree, Sherman, Wichita and Wilbarger.

“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster, and businesses impacted by the disaster,” Garfield said.

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.

“Eligibility for these loans is based on financial impact of the disaster only and not actual property damage. These loans have an interest rate of 3.875 percent for businesses and 2.75 percent for private nonprofit organizations, a maximum term of 30 years, and are available to small businesses and most private nonprofits without the financial ability to offset the impact without hardship,” Garfield said.

SBA makes economic injury disaster loans available when the U.S. Secretary of Agriculture designates an agricultural disaster. Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Services Agency about USDA assistance made available by the Secretary’s declaration. However, nurseries are eligible for SBA disaster assistance in drought.

Applicants may apply online, receive additional disaster assistance information and download applications at disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email This email address is being protected from spambots. You need JavaScript enabled to view it. for more information. 

Individuals who are deaf or hard of hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

Application deadline is Nov. 7. 

Log in

Pick your language/Elige su idioma

Restaurant Guide new