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The U.S. Small Business Administration (SBA) is offering low-interest loans to businesses in affected counties that suffered or are suffering due to recent drought conditions.
?EUR??,,????'?????<?????????????????We felt it was important to inform businesses such as landscapers, marinas, motels and others that are experiencing a loss of income due to the drought that they can apply for an economic-injury disaster loan to help with their working capital needs,?EUR??,,????'?????<????????????????? said Frank Skaggs of the U.S. SBA. ?EUR??,,????'?????<?????????????????(These) types of small businesses may not realize they are eligible to apply.?EUR??,,????'?????<?????????????????
Federal Economic Injury Disaster Loans are available even if a business doesn?EUR??,,????'?????<???????????????????????(R)?EUR??,,????'????t suffer physical damage. Small businesses may borrow up to $1.5 million.
Eligible businesses may qualify for loans up to $1.5 million. The loans are available at a 4 percent interest rate with terms up to 30 years.
For more information, call the SBA?EUR??,,????'?????<???????????????????????(R)?EUR??,,????'????s Customer Service Center at 1-800-659-2955.
Business loan applications also are available at www.sba.gov/services/disasterassistance.
Source: www.bizjournals.com.
Francisco Uviña, University of New Mexico
Hardscape Oasis in Litchfield Park
Ash Nochian, Ph.D. Landscape Architect
November 12th, 2025
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