Drought disaster loans available in Maryland.
ATLANTA — The U.S. Small Business Administration recently announced that federal Economic Injury Disaster Loans are available in Allegany, Carroll, Frederick and Washington counties in Maryland as a result of the drought between May 1 and Dec. 10, 2016.
The loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations.
The SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of the drought.
With the exception of aquaculture enterprises, SBA can’t provide disaster loans to agricultural producers, farmers or ranchers.
Nurseries are eligible to apply for economic injury disaster loans for losses caused by drought conditions.
The loans may be used to pay fixed debts, payroll, accounts payable and other bills that could have been paid had the disaster not occurred.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.
Information and application forms can also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov.
Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.