SBA loans available for disaster relief

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MECOSTA COUNTY – The U.S. Small Business Administration is reminding small businesses and small farmer co-ops of available disaster loans.

The deadline for filing federal loans for economic disaster in Michigan due to excessive rains is January 4, 2021.

Loans are available in Mecosta, Allegan, Barry, Ionia, Kent, Lake, Mason, Montcalm, Muskegon, Newaygo, Oceana, Osceola and Ottawa counties.

Under the declaration, the SBA’s Economic Disaster Lending Program is available to eligible agricultural and non-agricultural entities that have suffered financial losses as a direct result of this disaster.


With the exception of aquaculture companies, the SBA cannot grant disaster loans to agricultural producers, farmers or ranchers.

The loans are for working capital and can be up to $ 2 million with interest rates of 4% for qualifying small businesses and 2.75% for nonprofits, and terms ranging from up to 30 years.

Applicants can apply online using the electronic loan application through SBA’s secure website at DisasterLoan.sba.gov and must apply under SBA Statement # 16445, not for the COVID-19 incident.

Disaster loan information and application forms can also be obtained by calling the SBA Customer Service Center at 800-659-2955 or by sending an email to [email protected]

Loan applications can be downloaded from the SBA website at sba.gov/disaster.

Completed applications should be mailed to: US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

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