On Jul. 16, SBA reported on disaster loans for Idaho small businesses.
SBA made Economic injury disaster loans (EIDL) available to Idaho small businesses.
To offset economic loss from reduced revenues caused by drought that began May 1.
US Secretary of Agriculture designated agricultural disaster; declared on Jul. 9.
Eligibility
Loans are being offered primarily in Latah county; in neighboring Idaho counties of Benewah, Clearwater, Nez Perce, Shoshone; as well as Whitman county in Washington.
Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify .
Loans up to $2mn can be used t to meet financial obligations, operating expenses.
Eligibility is based on financial impact of disaster only; not on actual property damage.
Application Deadline
The deadline to apply for economic injury is Mar. 10, 2025.
