Small businesses in Whatcom and Skagit counties affected by the April 16 freeze can apply for federal disaster loans through the Small Business Administration. The SBA offers loans up to $2 million with no payments or interest for the first year, 4% interest for businesses, and 3. 6% for nonprofits. The application deadline is March 31, 2027, and eligible organizations include private nonprofits, faith-based groups, small agricultural cooperatives, and aquaculture operations in the affected counties. Businesses can apply at sba.gov/disaster and should contact the SBA for more information.
Federal Loans Available for April Freeze-Struck Businesses
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- ✓Small businesses in Whatcom and Skagit counties affected by the April 16 freeze can apply for federal disaster loans through the Small Business Administration.“Small businesses in Whatcom and Skagit counties can apply for low-interest loans through the federal Small Business Administration if they were affected by an April freeze earlier this year.”
- ✓The SBA offers loans up to $2 million with no payments or interest for the first year.“Recipients could get up to $2 million in federal disaster money. No payments would be due, nor interest accrued, for the first year.”
- ✓The SBA offers loans with 4% interest for businesses.“Interest rates for the loans are at minimum 4% for small businesses and about 3.6% for nonprofits, and the loan term could be as long as 30 years.”
- ✓The SBA offers loans with 3.6% interest for nonprofits.“Interest rates for the loans are at minimum 4% for small businesses and about 3.6% for nonprofits, and the loan term could be as long as 30 years.”
- ✓The application deadline is March 31, 2027.“The deadline to apply is March 31, 2027.”
- ✓Eligible organizations include private nonprofits.“Private nonprofits, faith-based organizations, small agricultural cooperatives and small aquaculture operations hit by the freezing weather April 16 may also be eligible.”
- ✓Eligible organizations include faith-based groups.“Private nonprofits, faith-based organizations, small agricultural cooperatives and small aquaculture operations hit by the freezing weather April 16 may also be eligible.”
- ✓Eligible organizations include small agricultural cooperatives.“Private nonprofits, faith-based organizations, small agricultural cooperatives and small aquaculture operations hit by the freezing weather April 16 may also be eligible.”
- ✓Eligible organizations include aquaculture operations in the affected counties.“Private nonprofits, faith-based organizations, small agricultural cooperatives and small aquaculture operations hit by the freezing weather April 16 may also be eligible.”
- ✓Businesses can apply at sba.gov/disaster.“Apply at sba.gov/disaster .”
- ⚠Businesses should contact the SBA for more information.No usable supporting receipt — unverified.
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