SBA Washington Drought Loans
On Oct. 4, SBA made disaster loans available in Washington State.
- SBA economic injury disaster loans available to Washington State small businesses.
- Due to economic losses and reduced revenues caused by drought that began Aug. 1.
- Eligibility
- Loans available in primary Washington counties Benton, Franklin and Pierce.
- Neighboring Washington counties: Adams, Columbia, Grant, and King.
- Also available in Kitsap, Kittitas, Klickitat, Lewis, Mason, Thurston, and Walla Walla.
- Whitman, Yakima; as well as in neighboring Oregon counties of Morrow and Umatilla.
- Small nonfarm businesses, agricultural cooperatives, businesses engaged in aquaculture, most private nonprofits are eligible for this disaster relief.
- May qualify for Economic Injury Disaster Loans (EIDLs) of up to $2 million.
- Help meet obligations, operating expenses which may have been met if no disaster.
- Eligibility is based on financial impact of disaster only, not on any actual damage.
- Application Deadline
- The deadline for submitting completed EIDL applications to the SBA is May 28, 2024.
| Regulators |
SBA
|
| Entity Types |
Corp |
| Reference |
PR WA 18227-01, 10/4/2023 |
| Functions |
BCS; Compliance; Financial; Legal; Operations |
| Countries |
United States of America |
| Category |
|
| State |
|
| Products |
Corporate; Loan |
| Regions |
Am |
| Rule Type |
Final |
| Rule Date |
10/4/2023 |
| Effective Date |
5/28/2024 |
| Rule Id |
187025 |
| Linked to |
N/A
|
| Reg. Last Update |
10/4/2023 |
| Report Section |
US Investment |
Last substantive update on 10/07/2023
