(KNSI) – Central Minnesota has been hit hard by drought conditions this past year. With that in mind, the U.S. Small Business Administration is making low-interest federal disaster loans available to eligible small businesses, private nonprofits and faith-based organizations, small agricultural cooperatives and nurseries, and small aquaculture enterprises affected since August 11.
Up to $2 million in loan funding with Economic Injury Disaster Loans can provide working capital assistance for operational expenses. Interest rates are as low as 4% for small businesses and lower for private nonprofit organizations. Eligible counties in Minnesota include Minnesota: Aitkin, Anoka, Benton, Carver, Chisago, Crow Wing, Douglas, Hennepin, Isanti, Kanabec, Kandiyohi, Mcleod, Meeker, Mille Lacs, Morrison, Pine, Pope, Ramsey, Sherburne, Stearns, Todd, Washington, and Wright.
The deadline to apply is June 21, 2027. Learn more and apply here.
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