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You are at:Home»Business»SBA offering business funds, non -profit organizations affected by drought
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SBA offering business funds, non -profit organizations affected by drought

May 24, 2025002 Mins Read
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Dreams can lead to a reduction in water availability, which has an impact on agricultural production, manufacturing processes and energy generation, according to Earthscan.

Dreams can result in an increase in costs, disturbances in the supply chain and even business closings, the organization reported.

Here is good news: the US Small Business Administration has announced the availability of loans to federal disasters with low interest to small businesses and private non -profit organizations in Florida which underwent economic losses caused by drought which inflicted dangerous conditions in March 2025.

Local news: Activists, hunters compete on the hunt for bears offered during the FWC meeting in Ocala

The disaster declaration covers the counties of Alachua, Bradford, Brevard, Charlotte, Citrus, Clay, Collar, Flagler, Glades, Hendry, Hernando, Lake, Lee, Levy, Marion, Orange, Osceola, Polk, Putnam, Seminole, St. Johns, Sumter and Volusia in Florida.

In this declaration, the SBAs Loan of economic injuries (EIDL) The program is available for small eligible businesses, small agricultural cooperatives, nurseries and PNPs with financial losses directly linked to this disaster. The SBA is unable to provide loans in the event of a disaster to agricultural producers, farmers or breeders, with the exception of aquaculture companies.

EIDLs are available for working capital needs caused by disaster and are available even if the small company or the PNP has not undergone any physical damage. Loans can be used to pay fixed debts, pay, accounts to pay, and other unpaid invoices due to the disaster.

“Thanks to a statement by the American secretary to agriculture, the SBA provides critical financial assistance to help the communities to recover,” said Chris Stallings, associate administrator of the SBA of the Bureau de la Recovery after claim and resilience in a press release. “We are delighted to offer loans to small businesses and private non -profit organizations affected by these disasters.”

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