SBA Drought Disaster Loans for ARK

Published on: Oct 30, 2024

On Oct. 28, SBA offered disaster loans to ARK small businesses.

  • SBA reported that Economic Injury Disaster Loans (EIDLs) are available to Arkansas small businesses with reduced revenues caused by drought that began Oct. 15, 2024.
  • Eligibility based on financial impact of disaster and not on actual property damage.
  • Deadline
  • Reported that the funds for the Disaster Loan Program have been fully expended.
  • Applicants encouraged to submit applications promptly for review for future funding.
  • The deadline to submit applications for economic injury is Jun. 23, 2025.
Regulators
SBA
Entity Types
CNSM; Corp
Reference
PR AR 20833-01, 10/28/2024;
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 28, 2024
Effective Date
Jun 23, 2025
Rule ID
231279
Linked to
N/A
Reg. Last Update
Oct 28, 2024
Report Section
US Consumer