On Sep. 27, SBA made disaster loans available in DEL due to drought.
SBA reported disaster aid available to DEL business due to drought Jun. 1-Jul. 31.
Economic injury disaster loans (EIDLs) are working capital loans available to small businesses in DEL due to reduced revenues caused by drought and excessive heat.
Eligibility
Loans are available in primary counties of Kent, New Castle, and Sussex in Delaware.
Also, the adjacent counties of Caroline, Cecil, Dorchester, Kent, Queen Anne's, Wicomico and Worcester in Maryland, Cumberland, Gloucester, and Salem in NJ.
In Pennsylvania eligibility includes the adjacent counties of Chester and Delaware.
Available to small businesses, agricultural cooperatives, businesses engaged in aquaculture, and most private nonprofits with economic losses due to drought, heat.
EIDLS of up to $2 million can assist in meeting financial obligations and operating expenses, which otherwise could have been met had the weather events not occurred.
Eligibility is based on the size of the applicant, type of activity and financial resources.
These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the weather disasters not occurred.
Application Deadline
Completed EIDL applications must be submitted to SBA no later than May 27, 2025.
