SBA Offers Lifeline to Drought-Impacted North Carolina Businesses with Low-Interest Loans
… disaster strikes.” Under this declaration, the SBA’s EIDL program is available to eligible farm-related and … for EIDLs for losses caused by drought conditions. The loan amount can be up to $2 million with interest rates of 4% … are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based …