- Associated Press - Sunday, May 17, 2015

BOISE, Idaho (AP) - Small businesses in a handful of counties in southern Idaho are now eligible to apply for low interest federal loans to help offset the costs of prolonged drought.

The U.S. Small Business Administration announced Friday that nonfarm businesses may qualify for loans up to $2 million.

Agency director Tanya Garfield says eligibility will be determined on financial impact of the drought and not on any property damage.

Loans will have interest rates of 4 percent for businesses and roughly 2.6 percent for nonprofit organizations.

Applicants may apply online at the Small Business Administration website (https://disasterloan.sba.gov/ela ).

The deadline to apply is Jan. 13, 2016.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide