Northwest, Iowa — Small companies which might be being impacted by the drought in 11 northwestern Iowa counties can now apply for low-interest federal catastrophe loans from the US Small Enterprise Administration.
SBA spokesman Mark Randle there’s a variety of companies that at the moment are eligible for the assistance.
Small companies that qualify for the Financial Harm Catastrophe Loans could possibly stand up to $2 million to assist meet their monetary obligations.
Randle says eligibility for the loans is simply based mostly on the monetary impression of the catastrophe and never on property harm. The loans have an rate of interest of slightly below three-percent for companies and beneath two-percent for personal nonprofits.
Though not one of the counties are in our 4 county space are lined, some bordering counties are. The 11 counties lined beneath this system are: Buena Vista, Calhoun, Clay, Dickinson, Emmet, Humboldt, Palo Alto, Pocahontas, Kossuth, Sac and Webster. The deadline to use is April 17, 2023. Candidates could apply on-line at: https://disasterloanassistance.sba.gov/