The U.S. Small Business Administration says disaster loans are available in 12 Alabama counties due to a drought this fall.
The agriculture disaster declaration covers Chambers, Chilton, Clay, Cleburne, Coosa, Elmore, Lee, Macon, Randolph, Shelby, Talladega and Tallapoosa counties.
The Small Business Administration says the loans are available to small businesses, small agricultural cooperatives, small businesses involved in aquaculture and most private non-profit organizations.
The loans can be for up to $2 million. The interest rate is 4 percent for small businesses and it is about 2.6 percent for private non-profit organizations.
Was this article valuable?
Here are more articles you may enjoy.
Meta Must Face Trial After Judge Pares Some FTC Claims 
What’s Behind New York Fires? Climate Change, Land Use and History 
Fake Bear Attacks on Car for Fraudulent Insurance Claims Lead to Arrests 
Hurricanes Linked to Higher Death Rates Years After Occurrence 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.