On Sep. 3, SBA offered disaster loans to SD small businesses.
SBA reported the availability of disaster assistance to SD small businesses following economic losses that occurred as a result of the drought that began on Aug 20, 2024.
US Secretary of Agriculture designated an agricultural disaster on Aug. 26, 2024.
Eligibility
Aid is available in primary SD counties of Custer and Pennington; and neighboring SD counties of Fall River, Haakon, Jackson, Lawrence, Meade and Oglala Lakota.
Loans also available to the neighboring Wyoming counties of Niobrara and Weston.
Small non-farm businesses, agricultural cooperatives, and businesses engaged in aquaculture may qualify for Economic Injury Disaster Loans (EIDL) of up to $2mn.
Also eligible for the loans are most private nonprofit organizations of any size.
To help meet expenses that could have been met if the disaster had not occurred.
Eligibility based on financial impact of disaster only and not on actual property damage
Application Deadlines
The deadline for Economic Injury Disaster Loan applications is Apr. 28, 2025.
