SBA Disaster Loans ND Small Businesss

Published on: Oct 10, 2024

On Oct. 8, SBA made disaster loans available to ND businesses.

  • SBA made Economic injury disaster loans (EIDLs) available to North Dakota small businesses in 3 counties and in adjacent counties in MT, and SD due to drought.
  • EIDLs offset economic losses due to reduced revenues due to drought from Aug. 6.
  • Small nonfarm businesses, agricultural cooperatives, businesses engaged in aquaculture and most private nonprofits may qualify for these EIDLs offered.
  • Application Deadline
  • The deadline to apply to the SBA for economic injury disaster loans is May 30, 2025.
Regulators
SBA
Entity Types
CNSM; Corp
Reference
PR ND 20737-01, 10/8/2024
Functions
BCS; Compliance; Financial; Legal; Operations; Research; Risk
Countries
United States of America
Category
State
N/A
Products
Corporate; Loan; Mortgage
Rule Type
Final
Regions
Am
Rule Date
Oct 8, 2024
Effective Date
May 30, 2025
Rule ID
229030
Linked to
N/A
Reg. Last Update
Oct 8, 2024
Report Section
US Consumer