SBA ARK Economic Injury Loans

Published on: Aug 7, 2024

On Aug. 2, SBA reported disaster loans for multiple ARK counties.

  • SBA reported Economic injury disaster loans (EIDLs) available to Arkansas small businesses based on multiple disaster declarations in the State in recent months.
  • Declaration 20507
  • Primary county is Ashley; neighboring counties Bradley, Chicot, Drew and Union in Arkansas; Morehouse and Union in Louisiana; incident rain, hail, and high winds.
  • Dates were May 13 - 14, 2024, and EIDL application deadline is Mar. 31, 2025.
  • Declaration 20508
  • Primary county is Boone; neighboring counties Carroll, Marion, Newton and Searcy in Arkansas; Taney in Missouri, incident is hail and high winds.
  • Dates were May 8 - 9, 2024, and EIDL applications deadline is Mar. 31, 2025.
  • Declaration 20509
  • Primary county is Carroll; neighboring counties: Benton, Boone, Madison and Newton in Arkansas; Barry, Stone and Taney in Missouri; incident tornado, floods, hail, winds.
  • Dates were May 24 - 26, 2024, and EIDL applications deadline is Mar. 31, 2025.
  • Declaration 20510
  • Primary county is Lonoke; neighboring counties Arkansas, Faulkner, Jefferson, Prairie, Pulaski and White in Arkansas; incident is excessive rain, hail, and high winds.
  • Dates were May 20 - 24, 2024, and EIDL applications deadline is Mar. 31, 2025.
  • Declaration 20511
  • Primary county is Madison; neighboring counties Benton, Carroll, Crawford, Franklin, Johnson, Newton and Washington in Arkansas; incident is rain, flood, and high winds.
  • Dates were Apr. 26 - 29, 2024; and EIDL applications deadline is Mar. 31, 2025.
  • Declaration 20512
  • Primary County is Prairie; neighboring counties Arkansas, Lonoke, Monroe, White and Woodruff in Arkansas; incident of the disaster is hail and high winds.
  • Dates were May 24 - 26, 2024; and EIDL applications deadline is Mar. 31, 2025.
  • General Provisions
  • Small nonfarm businesses, agricultural cooperatives, businesses engaged in aquaculture and most private nonprofits may qualify for EIDLs of up to $2 million.
  • EIDLs are intended to help meet financial obligations and operating expenses.
  • Eligibility is based on financial impact of disasters only and not on any actual damage.
Regulators
SBA
Entity Types
Corp
Reference
PR AR 20507, 20508, 20509, 20510, 20511, 20512-01, 8/2/2024;
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
Aug 3, 2024
Effective Date
Mar 31, 2025
Rule ID
221953
Linked to
N/A
Reg. Last Update
Aug 3, 2024
Report Section
US Investment