On Sep. 26, SBA issued disaster loans to businesses due to drought.
SBA provided federal disaster loans to Washington, Idaho, and Oregon small non-farm businesses to offset economic losses following a drought beginning on Jul. 25, 2023.
Disaster Assistance
Assistance extends to businesses dependent on farmers and ranchers facing agricultural production loses, as well as businesses directly affected by the disaster.
Small businesses and organizations may qualify for Economic injury disaster loans of up to $2mn to cover financial obligations and operating expenses during this time.
Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance, and should contact the Farm Services Agency for USDA assistance.
Application Deadlines
Applications for disaster loans are due May 20, 2024.
