SBA Disaster Loans Available to Business, Private Nonprofits Impacted by Drought
Tomahawk Leader
The Small Business Administration (SBA) offers disaster loans to help businesses and private nonprofits impacted by drought.
These loans provide financial assistance for damages incurred during the drought event. Eligible businesses and nonprofits can apply for these loans to cover costs such as:
- Repairs to damaged property
- Replacement of business personal property
- Increased costs of business operations
- Economic loss due to the drought
This initiative is a testament to the SBA's support for local businesses and communities facing natural disasters.