Sure small companies in a number of West Virginia and Kentucky counties can apply for loans because of extreme moisture and chilly temperatures throughout April and May.
The U.S. Small Enterprise Administration introduced the Working Capital Catastrophe Loans on Monday. They’re obtainable to small companies, small agricultural cooperatives, small companies engaged in aquaculture and personal nonprofit organizations.
The eligible counties are Cabell, Jackson, Mason, Wayne and Wooden in West Virginia and Boyd and Greenup counties in Kentucky, the company stated in a information launch. They’re eligible as a result of they’re contiguous to a number of major counties in Ohio.
The loans may be for as much as $2 million with rates of interest starting from 2.75% to three.75%.
To use, use the digital loan utility at Disasterloan.sba.gov and apply below SBA declaration # 16581, not for the COVID-19 incident. Data and types are additionally obtainable by calling (800) 659-2955. Functions are due by April 12.