SBA Economic Injury Disaster Loans Available In South Carolina Following Secretary Of Agriculture Disaster Declaration For Drought
ATLANTA, Feb. 1, 2013 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration announced today that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in South Carolina as a result of the drought that occurred between Dec. 4, 2012 and Jan. 28, 2013.
The SBA's disaster declaration includes the following counties: Abbeville, Aiken, Allendale, Anderson, Bamberg, Barnwell, Chester, Cherokee, Chesterfield, Darlington, Fairfield, Greenville, Kershaw, Lancaster, Laurens, Lee, Marlboro, Orangeburg, Pickens, Richland, Spartanburg, Sumter, Union and York in South Carolina .
"When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to eligible entities affected by the same disaster," said Frank Skaggs, director of SBA's Field Operations Center East in Atlanta.Under this declaration, the SBA's Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers. Nurseries are eligible to apply for economic injury disaster loans for losses caused by drought conditions.
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