GREENVILLE, Ohio (WDTN) - New federal assistance has been made available to small businesses, small agricultural cooperatives, and non-profit organizations in Darke County that experienced financial loss due to the drought that began June 26.
Darke County was selected for designation due to its proximity to Indiana. Applicants may apply online using the Electronic Loan Application via SBA's secure website at https://disasterloan.sba.gov/ela
"Small business owners in Darke County can now access resources needed to recover from the ongoing drought-which may have impacted their business through no fault of their own," said U.S. Senator Sherrod Brown Tuesday in a news release.
Under the new declaration, the Small Business Associations's Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers. Loan amounts can be up to $2 million, with interest rates of 3 percent for non-profit organizations and 4 percent for small businesses. Terms can be up to 30 years. The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources. The agency sets loan amounts and terms based on each applicant's financial condition. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits.
Waynesville rescue crews rescued nine people after a minivan slammed into a house.
Clayton police are investigating a possible OVI crash.
Firefighters evacuated the Northmont High School auditorium Wednesday night after smoke filled the auditorium.
A Winter Storm Watch will take effect late Thursday night through late Friday night for most of the area.
Six people were taken to the hospital Wednesday evening following a rollover crash in Huber Heights.