Wolf administration encourages agricultural businesses in northeastern and south-central Pennsylvania to apply for low-interest economic stimulus loans following federal disaster declarations
Harrisburg, Pennsylvania – Agriculture Secretary Russell Redding has encouraged farmers, small agri-cooperatives, aquaculture companies and other small businesses and nonprofits to apply for low-interest federal loans to help them to recover from losses due to excessive rain and flooding between July 1 and August 31, 2021. .
Following US Secretary of Agriculture Tom Vilsack’s Disaster Declaration, USDA Farm Service Agency Disaster Recovery Loans and US Small Business Administration (SBA) Economic Disaster Loans Now Available in Potter County and adjacent Cameron, Clinton, Lycoming, McKean and Tioga counties. Businesses not eligible for USDA emergency loans may be eligible for SBA loans.
Last week, Secretary Vilsack issued a disaster declaration for Washington County in Maryland based on excessive heat between May 5 and September 30, 2021, making farms and agricultural businesses in Franklin County and Fulton also eligible for low-interest loans from the USDA Farm Service Agency and SBA.
Farmers and other agricultural producers are eligible to apply for USDA disaster recovery loans. Nurseries are eligible to apply for SBA loans to recover from drought-related damage.
“These vital federal resources can mean the difference between surviving and sinking after increasingly severe bouts of weather,” Sec said. Redding. “Just as we hope agricultural businesses of all types won’t leave cash on the table that helps them assess their risks, diversify their income and plan for future growth, I encourage businesses in Pennsylvania to take advantage of the federal loans to help them through economic hardship and literal storms and drought.”
The application deadline for loans related to both disaster declarations and both federal agencies is September 19, 2022. For eligibility and how to apply for an SBA loan, visit sba.gov/disaster or call the center SBA Customer Service Department at 800-659-2955 (800-877-8339 for the deaf and hard of hearing) or email [email protected]
For more information on more widely available federal disaster assistance for farmers, visit the USDA Farm Service Agency’s Disaster Resource Center.
For more information about the PA Farm Bill and other grants, incentives, loans, and initiatives to protect and grow Pennsylvania agriculture, visit agriculture.pa.gov.
MEDIA CONTACT: Shannon Powers – 717.603.2056, [email protected]