News

The U.S. Small Business Administration (SBA) is reminding small businesses, small
agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofit
organizations thatMarch 28 is the filing deadline for federal economic injury disaster loans in Wisconsin
for economic injury disaster loans due to drought that began on June 1, 2021.
Low-interest disaster loans are available in the counties of Dane, Green, Jefferson, Milwaukee, Racine,
Rock, Walworth, Washington and Waukesha in Wisconsin; and Boone and Winnebago in Illinois.

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.

Apart from aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers,
farmers, and ranchers. Nurseries are eligible to apply for economic injury disaster loans for losses
caused by drought conditions.
The loan amount can be up to $2 million with interest rates of 2.88 percent for small businesses and
2 percent for private nonprofit organizations, with terms up to 30 years. The SBA determines eligibility
based on the size of the applicant, type of activity and its financial resources. Loan amounts and terms
are set by the SBA and are based on each applicant’s financial condition. These working capital loans
may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had
the disaster not occurred. The loans are not intended to replace lost sales or profits.
Applicants may apply online using the Electronic Loan Application (ELA) via the SBA’s secure
website at DisasterLoanAssistance.sba.gov/ela/s/ and should apply under SBA declaration # 17066, not
for the COVID-19 incident.
Disaster loan information and application forms may also be obtained by calling the SBA’s Customer
Service Center at 800-659-2955 (if you are deaf, hard of hearing, or have a speech disability, please dial
7-1-1 to access telecommunications relay services), or by sending an email to
DisasterCustomerService@sba.gov. Loan applications can be downloaded from the SBA’s website at
sba.gov/disaster. Completed applications should be mailed to: U.S. Small Business Administration,
Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Submit completed loan applications to SBA no later than March 28, 2022.

###

2 | P a g e

About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As
the only go-to resource and voice for small businesses backed by the strength of the federal government,
the SBA empowers entrepreneurs and small business owners with the resources and support they need
to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through
an extensive network of SBA field offices and partnerships with public and private organizations. To
learn more, visit sba.gov.