Connect with us

Hi, what are you looking for?

Coal Region Canary
Coal Region CanaryCoal Region Canary

Local Business News

EIDL Loans Available to Some Schuylkill County Businesses Following Summer Drought

Some businesses in Schuylkill County are eligible to apply for and receive Economic Injury Disaster Loans (EIDL) following the summer 2022 drought.

The US Small Business Administration made the announcement this week that small businesses, small agricultural cooperatives, aquaculture businesses and most private non-profit businesses are eligible for these loans.

Businesses and organizations in these counties, including Schuylkill, are eligible:

  • Northumberland
  • Columbia
  • Dauphin
  • Juniata
  • Lycoming
  • Montour
  • Perry
  • Snyder
  • Union

Farm-related and nonfarm-related companies that suffered a financial loss that can be attributed as a direct result of the flood that spanned from June 10 through August 31, 2022, are eligible for EIDLs.

The SBA does not provide loans to agricultural producers, farmers, or ranchers. Nurseries, however, are eligible for EIDLs.

Advertisement. Scroll to continue reading.

Loans can be as high as $2 million. Interest rates on EIDLs are 2.935% for small businesses and 1.875% for eligible non-profits.

EIDL funds can be used to address these business losses:

  • Fixed debts
  • Payroll
  • Accounts payable

Loans are not meant to replace lost sales or profits.

Eligible companies and organizations can follow this link to apply for EIDLs through the SBA:

Use SBA declaration number 17743 on the application.

The deadline to apply for an EIDL for the drought is Aug. 31, 2023.

Advertisement. Scroll to continue reading.

Subscribe to Coal Region Canary

Get email updates from Coal Region Canary by becoming a subscriber today. Just enter your email address below to get started!

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More From The Canary

PA Lottery Numbers

Wednesday's winning numbers

PA Lottery Numbers

Sunday's winning numbers

PA Lottery Numbers

Thursday's winning numbers

Local Sports

Here is a weekly update on coal region natives in pro baseball.

Schuylkill County News

Last seen leaving his home at 5:30 a.m. Sunday

Minersville News

Police have not released the name of the victim.

Pottsville News

A food truck would have a hard time replacing this atmosphere.

Schuylkill County Police News

The truck certainly has some unique characteristics.