SBA working capital drought loan deadline looms
April 8, 2013 12:48PM
INDIANAPOLIS (AP) — The U.S. Small Business Administration is reminding small businesses, small aquaculture operations and most private, nonprofit organizations in two southern Indiana counties that May 6 is the filing deadline for federal economic injury disaster loans available because of a drought that began a year ago.
These loans are available in Clark and Harrison counties because they border drought disaster counties in Kentucky.
The working capital loan amount can be up to $2 million with interest rates as low as 4 percent for eligible small businesses and 3 percent for nonprofit organizations with terms up to 30 years.
Applicants may apply online at https://disasterloan.sba.gov/ela.