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Disaster assistance available for small businesses
Posted
at
12:43 pm
by Amy Rolph
Low-interest disaster loans are available to small businesses in 18 Washington-state counties, federal Small Business Administration officials said Thursday.
Non-farm businesses in Snohomish County are among those eligible to apply for working capital loans to offset economic losses stemming from agricultural disasters.
That news could finally mean relief for some businesses that were hit hard earlier this year.
Herald file photo
“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster,” said Alfred Judd, director of the SBA's western Disaster Field Operations Center.
Small, non-farm businesses, small agricultural cooperatives and most private, non-profit organizations of any size may qualify for loans of up to $2 million, according to an SBA statement. The loans would help businesses meet financial obligations and operating expenses that could have otherwise been met.
Read more about the program here. Learn how to apply here.
The following Washington counties are eligible: Adams, Benton, Chelan, Douglas, Franklin, Ferry, Grant, King, Kittitas, Lincoln, Okanogan, Skagit, Snohomish, Spokane, Stevens, Whatcom, Whitman and Yakima.
Know a small business you think we should write about? Contact Herald writer Amy Rolph at arolph@heraldnet.com.
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