California Cooperatives Eligible for SBA Disaster Loans

California farmers in the Sacramento area may be eligible for disaster loans through the U.S. Small Business Administration (SBA).
Businesses affected by heavy rains from May 2 through June 24 of 2010 can apply for disaster loans through the SBA. These loans are available to small farm cooperatives in the area as well as small non-profit businesses.
Loans are available up to $2 million with 3 to 4 percent interest with terms up to 30 years.
“SBA eligibility covers bothy the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and the businesses directly impacted by the disaster,” said Alfred E. Judd, director of the SBA’s Disaster Field Operations Center in Sacramento to the East Oregonian.
Contact the Small Business Administration with questions at disastercustomerservice@sba.gov or by calling 800-659-2955. Visit their website for more information on the disaster loans.
For more information on emergency funding, contact Farm Plus today at 866-929-5585.