Small businesses and most private nonprofit organizations in Hamilton County can apply for federal loans to cover financial losses tied to severe weather that began Aug. 11.
The assistance is available through the U.S. Small Business Administration, according to a community announcement from the Hamilton County Emergency Management and Homeland Security Agency
. Applications for the agency’s Economic Injury Disaster Loans are due May 25, 2027.Hamilton County is eligible as a county adjacent to the area covered by a presidential disaster declaration issued for Indiana on Aug. 25. Eligible applicants include small businesses, small agricultural cooperatives, aquaculture businesses and most private nonprofit organizations, including faith-based
organizations. Eligibility requirements are available at sba.gov.
How the SBA disaster loans can be used
The loans are intended to meet working-capital needs caused by the disaster and are available even when an applicant did not sustain physical damage, according to the announcement.
Funds may be used to pay fixed debts, payroll, accounts payable and other bills an organization could not pay because of the disaster.
Applications can be submitted at sba.gov. Applicants seeking more information may call the SBA Customer Service Center at 800-659-2955 or email disastercustomerservice@sba.gov. People who are deaf, hard of hearing or have a speech disability may call 711 for telecommunications relay services.
Additional information about the Aug. 11-14 severe weather impacts, including an SBA assistance fact sheet, is available at hamiltoncountyohio.gov.
This story was produced with the assistance of Artificial Intelligence (AI). Journalists were involved in every step of the review, editing and publishing process. Learn more at cm.usatoday.com/ethical-conduct.
This article originally appeared on Cincinnati Enquirer: Storm-hit Hamilton County businesses can seek SBA loans
