Deadlines approaching for federal drought aid

By: The Associated Press
By: The Associated Press

The U.S. Small Business Administration is reminding small businesses, agricultural cooperatives and private, nonprofit organizations in Indiana that deadlines are approaching to file for federal disaster loans to help cover losses from last year's drought.

The loans are available to entities that suffered financial losses as a direct result of the drought. Deadlines for applying vary by county and stretch from March 12 to April 29.

Loans up to $2 million are available, with interest rates from 3 to 4 percent and terms of up to 30 years.

The loans are not intended to replace lost sales or profits. They can be used to pay fixed debts, payroll and other bills that could have been paid had the disaster not occurred.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email:
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 193527901 -
Gray Television, Inc.