Deadline approaching for working capital loans

ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations under the drought declarations (#18014, #18019, #18037, #18058, #18085, #18135, #18166, #18168 and #18231)in Wisconsin that July 31 is the filing deadline for federal working capital loans for losses due to drought that began on July 4, 2023, through July 31.

These loans are available in Adams, Ashland, Barron, Bayfield, Brown, Burnett, Calumet, Chippewa, Clark, Columbia, Crawford, Dane, Dodge, Douglas, Dunn, Eau Claire, Fond Du Lac, Forest, Grant, Green, Green Lake, Iowa, Iron, Jackson, Jefferson, Juneau, Kenosha, La Crosse, Lafayette, Langlade, Lincoln, Marathon, Marquette, Menominee, Monroe, Oconto, Oneida, Outagamie, Pepin, Pierce, Polk, Portage, Price, Racine, Richland, Rock, Rusk, Saint Croix, Sauk, Sawyer, Shawano, Sheboygan, Taylor, Trempealeau, Vernon, Vilas, Walworth, Washburn, Washington, Waukesha, Waupaca, Waushara, Winnebago and Wood counties in Wisconsin and the contiguous counties of Boone, Jo Daviess, McHenry, Stephenson and Winnebago in Illinois; Allamakee, Clayton and Dubuque in Iowa; Gogebic and Iron in Michigan; and Carlton, Chisago, Houston, Pine, Saint Louis, Washington and Winona in Minnesota.

Under this declaration, the SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible farm-related and non-farm-related entities that suffered financial losses as a direct result of the drought. Minnesota businesses engaged in hospitality, winter tourism, their suppliers and those that provide support services to the hospitality and tourism industry may consider the impact of lack of snow, low snow or low precipitation on their revenues and operations this past winter when applying for EIDLs for drought.