The U.S. Small Business Administration announced the availability of low-interest federal disaster loans for eligible small businesses and private nonprofit organizations impacted by drought beginning April 26.
Eligible Counties
New Jersey: Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Mercer, Monmouth, Ocean, and Salem
Delaware: Kent and Newcastle
Pennsylvania: Bucks, Delaware, and Philadelphia
Who Can Apply
• Small businesses
• Private nonprofits & faith-based organizations
• Small agricultural cooperatives & nurseries
• Small aquaculture enterprises
Loan Assistance Available
➢ Economic Injury Disaster Loans: Working capital assistance for operational
expenses caused by the disaster.
Key Loan Details
• Up to $2 million in loan funding
• Interest rates as low as 4% for small businesses and 3.625% for private nonprofit organizations • Loan terms of up to 30 years
• No interest or required payments during the first 12 months following disbursement Apply online: sba.gov/disaster
Application Deadline: Economic Injury Disaster Loans: May 10, 2027
Applicants may call the SBA National Support Network Center with questions regarding their application at (866) SBA-HELP or email disastercustomerservice@sba.gov. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.