The U.S. Small Business Administration (SBA) has announced low-interest federal disaster loans available for small businesses and private nonprofits in Idaho that have been affected by drought since May 1.
Eligible Counties:
- Idaho: Adams, Benewah, Blaine, Boise, Camas, Clearwater, Custer, Elmore, Gem, Gooding, Idaho, Latah, Lemhi, Lincoln, Nez Perce, Shoshone, Valley
- Washington: Whitman
Who can apply?
- Small businesses
- Private nonprofits and faith-based organizations
- Small agricultural cooperatives and nurseries
- Small aquaculture enterprises
Key Loan Details:
- Loan amounts up to $2 million
- Interest rates starting at 4% for small businesses and 3.625% for private nonprofits
- Loan terms available for up to 30 years
- No interest or payments required during the first year after disbursement
Application Information:
- Apply online: SBA Disaster Loans
- Application deadline: May 25, 2027
For questions about the application:
- Call: (866) SBA-HELP
- Email: disastercustomerservice@sba.gov
- For TTY assistance: Dial 7-1-1 for telecommunications relay services.
