By Associated Press - Friday, March 12, 2021

PHOENIX (AP) - The U.S. Small Business Administration has announced that small non-farm businesses in all 15 counties in Arizona may apply for low-interest federal disaster loans to offset economic losses from drought.

Eligibility includes businesses directly affected by the disaster as well as businesses dependent on farmers and ranches that have suffered agricultural production losses caused by the disaster that began Jan. 1, the agency’s regional disaster field operations center said Friday.

According to the agency, small nonfarm businesses, small agricultural cooperatives, small business engaged in aquaculture and most private nonprofit organizations of any kind may qualify for economic injury disaster loans of up to $2 million.

The loans are to help meet financial obligations and operating expenses that could have been met had the disaster not occurred, the agency said.

It said businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance, but they can contact the Farm Services Agency regarding assistance.

Copyright © 2021 The Washington Times, LLC.

Please read our comment policy before commenting.

Click to Read More and View Comments

Click to Hide