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Low-interest federal disaster loans are now available to small businesses and private nonprofit organizations harmed by prolonged cold last May in New Hampshire’s Rockingham County, among other places.
The U.S. Small Business Administration said Economic Injury Disaster Loans are available to eligible small businesses, small agricultural cooperatives, nurseries, and nonprofits with financial losses directly related to this disaster. The agency said it is unable to provide disaster loans to agricultural producers, farmers or ranchers, except for aquaculture enterprises. The disaster declaration covers Carroll, Coos, Rockingham and Strafford counties in New Hampshire.
“Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the agency’s Office of Disaster Recovery and Resilience.
Loans are available for working capital needs caused by the disaster and are available even if the small business or nonprofit did not suffer physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.