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May 13 Deadline Approaching In Minnesota For SBA Working Capital Loans Due To Drought

ATLANTA, April 10, 2013 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that May 13 is the filing deadline for federal economic injury disaster loans. These loans are available in Minnesota as a result of drought that began on July 17, 2012.

(Logo: http://photos.prnewswire.com/prnh/20110909/DC65875LOGO )

This disaster declaration includes the following counties: Becker, Beltrami, Blue Earth, Brown, Cass, Clay, Clearwater, Cottonwood, Dodge, Faribault, Fillmore, Freeborn, Houston, Hubbard, Itasca, Jackson, Kittson, Koochiching, Lake of the Woods, Le Sueur, Lincoln, Lyon, Mahnomen, Marshall, Martin, Mower, Murray, Nicollet, Nobles, Norman, Olmsted, Otter Tail, Pennington, Pipestone, Polk, Red Lake, Redwood, Renville, Rock, Roseau, Steele, Wadena, Waseca,  Watonwan, Wilkin and Winona in Minnesota and contiguous counties of Allamakee, Dickinson, Emmet, Howard, Kossuth, Mitchell, Osceola, Winnebago, Winneshiek and Worth in Iowa ; Cass, Grand Forks, Pembina, Richland, Traill and Walsh  in North Dakota ; and Brookings, Minnehaha and Moody in South Dakota .

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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