Trending
WASHINGTON - The U.S. Small Business Administration has announced the availability of low-interest federal disaster loans for eligible small businesses and private nonprofit organizations in North Dakota impacted by drought occurring Aug. 4 and continuing.
Eligible counties are Billings, Bottineau, Burke, Burleigh, Dunn, Emmons, Grant, Hettinger, Kidder, McHenry, McKenzie, McLean, Mercer, Morton, Mountrail, Oliver, Pierce, Renville, Sheridan, Sioux, Slope, Stark, Ward, and Wells.
Eligible to apply are small businesses, private nonprofits and faith-based organizations, small
agricultural cooperatives and nurseries and small aquaculture enterprises.
Economic Injury Disaster Loans provide working capital assistance for operational expenses
caused by the disaster. Up to $2 million in loan funding is available, with interest rates as low as 4% for small businesses and 3.63% for private nonprofit organizations. Loan terms extend up to 30 years, with no interest or required payments during the first year following disbursement.
Applications are available at sba.gov/disaster. The deadline to apply is June 21, 2027. Applicants may call the SBA National Support Network Center with questions regarding their application at (866) SBA-HELP or email disastercustomerservice@sba.gov. People who are deaf, hard of hearing or have a speech disability may call 7-1-1 to access telecommunications relay services.