Federal loans available for businesses impacted by 2016 drought in Auglaize, Mercer and Van Wert counties


WAPAKONETA — The U.S. Small Business Administration has announced that Economic Injury Disaster Loans are now available for small businesses, agricultural cooperatives, aquaculture businesses and private non-profit organizations adversely affected by the drought that affected parts of Ohio from May 24 to Oct. 21, 2016.

Area counties included in the declaration are Auglaize, Mercer and Van Wert Counties.

The loan can be up to $2 million with interest rates of 2.625 percent for non-profit organizations and 4 percent for small businesses with terms up to 30 years.

Applicants may apply online at disasterloan.sba.gov/ela. Forms may also be obtained by calling the SBA’s customer service center at 800-659-2955, by emailing disastercustomerservice@sba.gov or by downloading the form at www.sba.gov/disaster.

Applications will be accepted until Sept. 5.

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