Harrisburg, PA – Agriculture Secretary Russell Redding encouraged farmers, small agricultural cooperatives, aquaculture businesses and other small businesses and non-profits to apply for low-interest federal loans to help them recover from losses due to excess rain and flooding between July 1 and August 31 of 2021.
Following U.S. Agriculture Secretary Tom Vilsack's disaster declaration, USDA Farm Service Agency disaster recovery loans and Economic Injury Disaster Loans from the U.S. Small Business Administration (SBA) are now available in Potter County and adjacent counties Cameron, Clinton, Lycoming, McKean and Tioga. Businesses not eligible for USDA emergency loans may be eligible for SBA loans.
Last week, Secretary Vilsack issued a disaster declaration for Washington County Maryland based on excessive heat between May 5 and Sept. 30, 2021, making Franklin and Fulton County farms and agriculture businesses also eligible for low-interest loans from the USDA Farm Service Agency and from the SBA.
Farmers and other agriculture producers are eligible to apply for USDA disaster recovery loans. Nurseries are eligible to apply for SBA loans to recover from drought-related damage.
"These vital federal resources can mean the difference between surviving and going under after bouts of increasingly severe weather," said Sec. Redding. "Just as we hope agriculture businesses of all types don't leave money on the table that helps them assess their risks, diversify revenue and plan for future growth, I encourage Pennsylvania businesses to take advantage of federal loans to help them weather economic and literal storms and drought."
The application deadline for loans tied to both disaster declarations, and from both federal agencies, is September 19, 2022. For eligibility and how to apply for SBA loans, visit sba.gov/disaster or call SBA's Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or email DisasterCustomerService@sba.gov.
For additional information on federal disaster assistance more broadly available to farmers, visit the USDA Farm Service Agency's Disaster Resource Center.
For more information on PA Farm Bill and other grants, incentives, loans and initiatives to protect and grow Pennsylvania agriculture, visit agriculture.pa.gov.
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