Disaster press release NV 15812-01,

NV 15812-01, NV 15819-01 and NV 15822-01 SBA Economic Injury Disaster Loans Available to Nevada Small Businesses

SACRAMENTO, Calif. – Small nonfarm businesses in the following counties are now eligible to apply for low‑interest federal disaster loans from the U.S...
Published on by Disaster Field Operations Center West


SACRAMENTO, Calif.

– Small nonfarm businesses in the following counties are now eligible to apply for low‑interest federal disaster loans from the U.S. Small Business Administration. These loans offset economic losses because of reduced revenues caused by drought that occurred in the following Nevada primary counties, announced Director Tanya N. Garfield of SBA’s Disaster Field Operations Center-West.


Declaration


Number


Primary


Counties


Neighboring


Counties


Incident


Type


Incident Date


Deadline

15812

Humboldt and Washoe

Carson City, Churchill, Elko, Lander, Lyon, Pershing and Storey in Nevada;


Lassen, Modoc, Nevada, Placer and Sierra in California;


Owyhee in Idaho;


Harney, Lake and Malheur in Oregon

Drought

Beginning 8/28/18

7/8/19

15819

Elko

Eureka, Humboldt, Lander and White Pine in Nevada;


Cassia, Owyhee and Twin Falls in Idaho;


Box Elder and Tooele in Utah

Drought

Beginning 9/4/18

7/8/19

15822

White Pine

Elko, Eureka, Lincoln and Nye in Nevada;


Juab, Millard and Tooele in Utah

Drought

Beginning 9/25/18

7/29/19

“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disasters and businesses directly impacted by the disasters,” Garfield said.

Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disasters not occurred.

“Eligibility for these loans is based on the financial impact of the disasters only and not on any actual property damage. These loans have an interest rate is 3.675 percent for businesses and 2.5 percent for private nonprofit organizations, a maximum term of 30 years, and are available to small businesses and most private nonprofits without the financial ability to offset the adverse impact without hardship,” Garfield said.

By law, SBA makes economic injury available when the U.S. Secretary of Agriculture designates an agricultural disaster. The Secretary declared Declaration Numbers NV 15812 and NV 15819 on Nov. 7, 2018; and Declaration Number NV 15822 on Nov. 29, 2018.

Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Services Agency about the U.S. Department of Agriculture assistance made available by the Secretary’s declaration. However, in drought disasters nurseries are eligible for SBA disaster assistance.

Applicants may apply online, receive additional disaster assistance information and download applications at

https://disasterloan.sba.gov/ela

. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email

disastercustomerservice@sba.gov

for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

Related programs: Disaster

Media contacts

U.S. Small Business Administration