SBA working capital drought loan deadline looms
The U.S. Small Business Administration is reminding small businesses, small aquaculture operations and most private, nonprofit organizations in two southern Indiana counties that May 6 is the filing deadline for federal economic injury disaster loans available because of a drought that began a year ago.
These loans are available in Clark and Harrison counties because they border drought disaster counties in Kentucky.
The working capital loan amount can be up to $2 million with interest rates as low as 4 percent for eligible small businesses and 3 percent for nonprofit organizations with terms up to 30 years.
Applicants may apply online.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)