According to the Small Business Administration, businesses that had been impacted by the March 2021 tornados have until January 26, 2022 to use for catastrophe loans. Eligibility requirements include small businesses, small agricultural cooperatives, small companies engaged in aquaculture and private nonprofits in specific counties throughout Alabama. The counties embody Dallas, Bibb, Blount, Calhoun, Chambers, Cherokee, Chilton, Clay, Cleburne, Coosa, Etowah, Greene, Hale, Jefferson, Marengo, Perry, Randolph, Saint Clair, Shelby, Talladega, Tallapoosa, Tuscaloosa and Walker. Up to $2 million of working capital catastrophe loans can be found at 3% for small businesses to pay mounted debts, payroll, accounts payable and other expenses.
Small companies in 27 counties throughout Arizona, Colorado, Idaho, Nevada, New Mexico and Utah have till November 5 to use for an Economic Injury Disaster Loan related to the extreme drought situations in these states throughout 2021. These low-interest loans of up to $2 million may be awarded …