Deadline nears for disaster loan applications

Posted: August 26, 2014 at 4:21 p.m.

LITTLE ROCK — The U.S. Small Business Administration says the deadline is nearing for small, nonfarm business in 16 Arkansas counties and neighboring parishes and counties in Louisiana and Mississippi affected by drought to apply for disaster loans.

The deadline is Sept. 15 to apply for the Economic Injury Disaster Loan. The loans are available to small, nonfarm businesses that are dependent on farmers and ranchers who suffered losses due to the drought that began Oct. 1, 2013.

The Arkansas counties are Bradley, Calhoun, Cleveland, Desha, Drew, Lincoln, Union, Arkansas, Ashley, Chicot, Columbia, Dallas, Grant, Jefferson, Ouachita and Phillips. Also, Claiborne, Morehouse and Union parishes in Louisiana and Bolivar and Coahoma counties in Mississippi are included.

Farming or ranching businesses are not eligible, but may qualify for U.S. Department of Agriculture assistance.