SBA DISASTER LOANS AVAILABLE TO AREA BUSINESSES

The U.S. Small Business Administration is offering low-interest disaster loans to eligible small businesses and private nonprofits impacted by the drought that began March 31. Runnels County is among the counties eligible for assistance. Loans of up to two-million dollars are available for working capital and disaster-related operating expenses. Interest rates are as low as four percent for small businesses and three-point-six-two-five percent for nonprofits, with terms of up to 30 years. No payments are required during the first 12 months. Applications are due March 29, 2027, at S-B-A dot gov slash disaster.