The U.S. Small Business Administration (SBA) has announced the availability of low interest federal disaster loans to small businesses and private nonprofit (PNP) organizations in Oregon to offset economic losses caused by drought beginning June 17.
The declaration covers the Oregon counties of Benton, Clackamas, Clatsop, Columbia, Lane, Lincoln, Linn, Marion, Multnomah, Polk, Tillamook, Washington and Yamhill, as well as the Washington counties of Clark, Cowlitz, Pacific and Wahkiakum.
Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs including faith-based organizations with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises…