SBA Economic Injury Disaster Loans Available in Florida Following Secretary of Agriculture Disaster Declaration for Drought

UF / IFAS Palm Beach County Cooperative Extension received the attached SBA Economic Injury notice relative to the 2012 drought.   Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of the drought. With the exception of aquacultural enterprises, agricultural producers, farmers and ranchers are not eligible to apply to SBA.  Nurseries are eligible to apply for economic injury disaster loans for losses caused by drought conditions.

Federal economic injury disaster loans are available to qualified small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Florida as a result of the drought that began on January 1, 2012.  Businesses who wish to pursue this opportunity are advised to apply in accordance with the instructions contained in the release.

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