The U.S. Small Business Administration announced today that Economic Injury Disaster Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations located in Alabama as a result of rainfall and flooding from April 1 through June 30, 2018.
The loans are available in the following counties: Colbert, Franklin, Lamar, Lauderdale, Marion, Mobile, Pickens, and Washington in Alabama.
“These counties are eligible because they are contiguous to one or more primary counties in Mississippi. The Small Business Administration recognizes that disasters do not usually stop at county or state lines. For that reason, counties adjacent to primary counties named in the declaration are included,” said Kem Fleming, director of SBA’s Field Operations Center East.
Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers and ranchers.
See complete story in the Pickens County Herald.