SBA Says 1 Month Left to Apply for Oklahoma Disaster Loans

December 15, 2014

Small businesses in 12 Oklahoma counties and two counties in Kansas have one month left to apply for U.S. Small Business Administration drought disaster loans.

Tanya N. Garfield, director of the SBA program, says businesses have until Jan. 14 to seek a federal disaster loan for economic injury.

Garfield says small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations may apply for loans of up to $2 million. The low-interest loans are meant to offset economic losses because of reduced revenues caused by the drought that began on May 6.

In Oklahoma, businesses located in Lincoln, Washington, Creek, Logan, Nowata, Okfuskee, Oklahoma, Osage, Payne, Pottawatomie, Rogers and Tulsa counties may apply for the loans. Eligible counties in Kansas are Chautauqua and Montgomery counties.

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