Small Business Administration offering disaster loans for local organizations

(WIVT/WBGH) – Sticking with the Small Business Administration, the organization has opened up applications for Economic Injury Disaster Loans after severe weather last month.

The SBA says most private and non-profit organizations of all sizes, including small agricultural co-ops are eligible for the disaster loan.

The applications are available for organizations impacted by severe weather beginning on July 10. Loans are limited at $2 million, however, the SBA says if a business is a major employer, it has the authority to waive the limit.

The maximum interest rate for the loan program is 4%

There’s more information about applicant requirements and restrictions here .

The deadline to submit an application is April 14.

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