Small Businesses in Michigan and Wisconsin Eligible to Apply for SBA Working Capital Disaster Loans Due to 2022 Drought
… conditions. The loan amount can be up to $2 million with interest rates of 2.935 percent for small businesses and 1.875 percent for private nonprofit organizations, with terms up to 30 years. These working capital loans may … to replace lost sales or profits. Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s …