Small businesses in Nevada dependent on farmers and ranchers affected by the drought are eligible to apply for economic injury disaster loans, the Small Business Administration said last week
The entire state is eligible for the program. Small, nonfarm businesses, small agricultural cooperatives, small businesses may qualify for Economic Injury Disaster Loans of up to $2 million, the SBA said.
The loans carry an interest rate of 4 percent for businesses and 2.875 percent for private nonprofits and a 30-year maximum term.
