SBA PEN Drought Disaster Loans

Published on: Oct 25, 2024

On Oct. 21, SBA economic injury loans available to PEN businesses.

  • SBA made Economic injury disaster loans (EIDLs) available to designated Pennsylvania counties' small businesses as a consequence of drought starting on Oct. 1, 2024.
  • Small nonfarm businesses, agricultural cooperatives, businesses engaged in aquaculture and most private nonprofits may qualify for EIDLs of up to $2 million.
  • These funds must be used to help meet financial obligations and operating expenses which could have been met by the business had the disasters not occurred.
  • Application Deadline
  • Completed applications for EIDLs must be submitted to SBA by Jun. 9 2025.
Regulators
SBA
Entity Types
CNSM; Corp
Reference
PR 25-040, 10/21/2024
Functions
BCS; Compliance; Financial; Legal; Operations; Risk
Countries
United States of America
Category
State
N/A
Products
Corporate; Loan
Rule Type
Final
Regions
Am
Rule Date
Oct 21, 2024
Effective Date
Jun 9, 2025
Rule ID
230774
Linked to
N/A
Reg. Last Update
Oct 21, 2024
Report Section
US Consumer