Logan County businesses and private nonprofits impacted by last fall’s drought may qualify for low-interest federal disaster loans, according to an announcement from the U.S. Small Business Administration.
The disaster declaration also includes the Ohio counties of Allen, Ashland, Auglaize, Crawford, Darke, Defiance, Erie, Fulton, Hancock, Hardin, Henry, Huron, Lorain, Lucas, Marion, Mercer, Ottawa, Paulding, Putnam, Richland, Sandusky, Seneca, Shelby, Van Wert, Williams, Wood, and Wyandot.
It also covers Adams, Allen, DeKalb, Jay, and Steuben counties in Indiana, along with Hillsdale, Lenawee, and Monroe counties in Michigan.
Under the declaration, the SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries, and private nonprofit organizations that experienced financial losses directly related to the drought.
The SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.
EIDLs are intended to help meet working capital needs caused by the disaster and are available even if the business or nonprofit did not suffer physical damage. Loan proceeds may be used to pay fixed debts, payroll, accounts payable, and other bills that could not be paid due to the disaster.
“Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the SBA’s Office of Disaster Recovery and Resilience. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”
Loan amounts can be up to $2 million, with interest rates as low as 4 percent for small businesses and 3.625 percent for private nonprofits, with repayment terms of up to 30 years. Interest does not accrue, and payments are not due until 12 months after the first loan disbursement. Loan amounts and terms are based on each applicant’s financial condition.
Applications are available online at sba.gov/disaster. Applicants may also contact the SBA Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for additional information. Individuals who are deaf, hard of hearing, or have a speech disability may dial 7-1-1 to access telecommunications relay services.
The deadline to submit economic injury loan applications is Aug. 31, 2026.
