SBA OKLA Disaster Assistance Drought

Published on: Jun 27, 2024

On Jun. 24, SBA made disaster assistance available in Oklahoma.

  • SBA made economic injury disaster loans (EIDLs) available to Oklahoma businesses.
  • Loans offset economic losses due to reduced revenues from drought beginning Apr. 16.
  • Eligibility
  • Primary counties designated are Woods and Woodward with aid also available in OKL counties of Alfalfa, Dewey, Ellis, Harper, Major; KNS counties of Barber and Comanche.
  • In addition, small nonfarm businesses, agricultural cooperatives, businesses engaged in aquaculture and most private nonprofits may qualify for EIDLs up to $2 million.
  • EIDLs are intended to help meet financial obligations and operating expenses which could have been met by the victim business had the drought disaster not occurred.
  • Eligibility for EIDLs based on financial impact of disaster and not on actual damage.
  • Application Deadline
  • Deadline to apply for EIDLs is Feb. 18, 2025.
Regulators
SBA
Entity Types
CNSM; Corp
Reference
PR OK 20411-01, 6/24/2024
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
Jun 24, 2024
Effective Date
Feb 18, 2025
Rule ID
217069
Linked to
N/A
Reg. Last Update
Jun 24, 2024
Report Section
US Investment