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Northwest Iowa Dairy Outlooks

A local discussion of current science and issues concerning dairying in northwest iowa

Small, non-farm businesses in Wichita County are now eligible to apply for low-interest disaster loans from the United State Small Business Administration (SBA). These loans offset economic losses because of reduced revenues caused by drought, above-normal temperatures and associated wildfires that occured in Wichita County from January 1, 2009 through December 31, 2009.

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.

Eligibility for these working capital loans is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 4 percent, a maximum term of 30 years, and are restricted to small businesses without the financial ability to offset the adverse impact without hardship.

The deadline to apply for these loans is December 14, 2010.

information and application forms are available by calling 800.659.2955 or by email at: disastercustomerservice@sba.gov.

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