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Posted on: February 12, 2020

Small Business Administration Loans Available

The U. S. Small Business Administration has loans available through their Economic Injury Disaster Loan program, as a result of rain, flash flooding, flooding and hail that began on April 15, 2018.  The loans are available for Page County to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster.  The loans are for working capital and can be up to $2 million with interest rates of 3.58% for eligible small businesses and 2.5% for nonprofit organizations, and terms up to 30 years.  Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoan.sba.gov

Completed applications must be returned to SBA no later than March 9, 2020.

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