SBA Wyoming Drought Disaster Loans

Published on: Sep 5, 2024

On Sep. 3, SBA offered disaster loans to Wyoming small businesses.

  • SBA offered disaster assistance to Wyoming 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 Wyoming primary counties of Campbell, Converse, Niobrara, Weston.
  • Neighboring Wyoming counties of Albany, Carbon, Crook, Goshen, Johnson, Natrona, Platte and Sheridan and similarly affected neighboring Montana county of Powder River
  • Aid also available to neighboring Nebraska county of Sioux, neighboring South Dakota counties: Custer, Fall River, Lawrence and Pennington who experienced the drought.
  • Small non-farm businesses, agricultural cooperatives, 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.
Regulators
SBA
Entity Types
CNSM; Corp
Reference
PR WY 20607-01, 9/3/2024;
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 3, 2024
Effective Date
Apr 28, 2025
Rule ID
224677
Linked to
N/A
Reg. Last Update
Sep 3, 2024
Report Section
US Consumer