Federal loans to help small businesses and organizations recover from economic losses resulting from the 2016 drought are available in eight Ohio counties. The U.S. Small Business Administration says small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations in those counties are eligible to apply. The counties included in the disaster declaration for the period from July 1 through October 15 of last year are Ashland, Coshocton, Delaware, Holmes, Knox, Licking, Morrow and Richland. Loans of up to 2 million dollars may be used to pay fixed debts and other bills that could have been paid if the disaster hadn't occurred. Applications can be downloaded from the agency's website, and must be completed and returned no later than October 24.
Small Businesses Impacted By Last Year's Drought May Be Eligible For Federal Loans
