SBA Disaster Loans NEB Drought

Published on: Oct 2, 2024

On Sep. 26, SBA made disaster loans available in NEB due to drought.

  • SBA made small nonfarm businesses in five Nebraska counties and a neighboring county in Wyoming are now eligible to apply for low interest federal disaster loans.
  • Economic injury disaster loans (EIDLs) are working capital loans available to small businesses in NEB, WY due to reduced revenues caused by drought beginning Jul. 30.
  • Eligibility
  • Loans are available in primary county of Scotts Bluff; neighboring Nebraska counties, Banner, Box Butte, Morrill and Sioux and neighboring Wyoming county of Goshen.
  • Available to small businesses, agricultural cooperatives, businesses engaged in aquaculture, and most private nonprofits with economic losses due to drought.
  • EIDLS of up to $2 million can assist in meeting financial obligations and operating expenses, which otherwise could have been met had the drought not occurred.
  • Application Deadline
  • Completed EIDL applications must be submitted to SBA no later than May 23, 2025.
Regulators
SBA
Entity Types
CNSM; Corp
Reference
PR NE 20690-01, 9/26/2024
Functions
BCS; Compliance; Financial; Legal; Operations; Risk
Countries
United States of America
Category
State
N/A
Products
Corporate; Loan; Mortgage
Rule Type
Final
Regions
Am
Rule Date
Sep 26, 2024
Effective Date
May 23, 2025
Rule ID
227900
Linked to
N/A
Reg. Last Update
Sep 26, 2024
Report Section
US Consumer