(Washington, DC)– Small businesses hit by the drought in northwest Iowa can apply for low-interest federal disaster loans. The assistance from the Small Business Administration is available in 11 counties.
S-B-A spokesperson Mark Randle says we’re talking about businesses dependent on farming and ranching. Randle says, “Because of the drought they’re not being called on for services.” He says this doesn’t include farms or ranches because they are covered under U-S-D-A program. Loans of up to two-million dollars are available. The application deadline is April 17th of next year.
Eligible counties include Buena Vista, Calhoun, Clay, Dickinson, Emmet, Humboldt, Palo Alto, Pocahontas, Kossuth, Sac, and Webster.
