The U.S. Small Business Administration (SBA) has announced another round of Economic Injury Disaster Loan (EIDL) is available to small businesses in six states affected by drought. Economic disaster recovery loans are available to small businesses in South Dakota, Texas, Nevada, Nebraska, Kansas, and Idaho.
Drought Related EIDL Loans to Small Businesses
Small nonfarm businesses, small agricultural cooperatives, and small businesses engaged in aquaculture may qualify for EIDL loans of up to $2 million to help meet financial obligations and operating expenses that could have been met had the disaster not occurred.
