Skip to content

Disaster Loans Accessible to Small Businesses Affected by Ohio Drought

Disaster Loans Accessible to Small Businesses Affected by Ohio Drought

September 10, 2024

Disaster Loans Accessible to Small Businesses Affected by Ohio Drought

Ohio small businesses affected by the drought that began on August 20, 2024, can receive federal Economic Injury Disaster Loans (EIDLs) through the Small Business Administration. The EIDL program is available to eligible farm-related and non-farm-related entities that suffered financial losses as a direct result of this drought. The loan amount can be up to $2 million with interest rates of 4% for small businesses, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. Small businesses are eligible for the loans in the primary counties of Athens, Belmont, Fairfield, Fayette, Gallia, Guernsey, Harrison, Highland, Hocking, Jackson, Jefferson, Madison, Monroe, Morgan, Muskingum, Noble, Perry, Pickaway, Pike, Ross, Vinton and Washington in Ohio, and the adjacent counties of Adams, Brown, Carroll, Champaign, Clark, Clinton, Columbiana, Coshocton, Franklin, Greene, Lawrence, Licking, Meigs, Scioto, Tuscarawas and Union in Ohio. To apply online visit SBA.gov/disaster. Learn more information here. Applications are due to the Small Business Administration no later than April 28, 2025.
Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

March 27, 2025
NFIB Members Invited to Sign Up for Free Webinar on TN Taxes
Participants will learn about state tax obligations for new businesses in T…
Read More
March 20, 2025
Main Street Presses for Property Tax, Regulatory Relief at NFIB…
Owners also call for action on health insurance costs and credit card fees.
Read More
March 19, 2025
Ohio Small Businesses Urge Lawmakers to Enact Health Care Relie…
NFIB report reveals a growing health insurance affordability crisis for sma…
Read More
March 18, 2025
Small Businesses Oppose the Harmful PRO Act
Big Labor’s PRO Act would upend long-standing employment law at the expen…
Read More

© 2001 - 2025 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility