Deadline nears in Alabama for disaster loans due to drought - WAFF-TV: News, Weather and Sports for Huntsville, AL

Deadline nears in Alabama for disaster loans due to drought

MONTGOMERY, Ala. (AP) - Small businesses, agricultural cooperatives, aquaculture businesses and most private nonprofit organizations have until Aug. 8 to file for federal economic injury disaster loans in Alabama as a result of the drought that began Nov. 29, 2016.

The U.S. Small Business Administration's loan program covers working capital and can be up to $2 million with interest rates of 3.125 percent for eligible small businesses and 2.5 percent for nonprofit organizations.

The disaster declaration includes: Baldwin, Butler, Clarke, Conecuh, Covington, Escambia, Mobile, Monroe and Washington counties in Alabama.

Applicants may apply online via SBA's secure website at or by calling the SBA's Customer Service Center at 800-659-2955.

Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, Texas 76155.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly