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Deadline Approaching For Groups To Apply For Disaster Loan

Associated Press0

SIOUX FALLS, S.D. (AP) — South Dakota nonprofit organizations impacted by flooding, storms and tornadoes last June have until the end of the month to apply for low-interest loans.

The U.S. Small Business Administration says groups that provide essential services of a governmental nature have until April 28 to seek an SBA federal disaster loan for economic injury caused by the bad weather.

Eligible organizations may apply for loans of up to $2 million to help meet working capital needs caused by the disaster, including debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.

The loans are available in Butte, Clay, Corson, Dewey, Hanson, Jerauld, Lincoln, Minnehaha, Perkins, Turner, Union and Ziebach counties as well as the Standing Rock Sioux Tribe in Corson County.

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