DEMING – Small, nonfarm businesses in Luna County affected by the recent drought are eligible to apply for low-interest federal disaster loans of up to $2 million from the U.S. Small Business Administration.
SBA Director Tanya Garfield said the loans offset economic losses because of reduced revenues caused by drought that began Nov. 1st, 2018.
Luna County is listed as a secondary – or neighboring – county to those counties hardest hit by the drought. Grant and Sierra counties are listed as primary counties.
SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers who have suffered agricultural production losses caused by the disaster, and businesses directly impacted by the disaster.
Small, nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for the Economic Injury Disaster Loans.
Businesses primarily engaged in farming or ranching are not eligible.
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov.
The deadline to apply for economic injury is Nov. 22, 2019.
SBA Director Tanya Garfield said the loans offset economic losses because of reduced revenues caused by drought that began Nov. 1st, 2018.
Luna County is listed as a secondary – or neighboring – county to those counties hardest hit by the drought. Grant and Sierra counties are listed as primary counties.
SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers who have suffered agricultural production losses caused by the disaster, and businesses directly impacted by the disaster.
Small, nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for the Economic Injury Disaster Loans.
Businesses primarily engaged in farming or ranching are not eligible.
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov.
The deadline to apply for economic injury is Nov. 22, 2019.
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