The following is from the U.S. Small Business Administration regarding working capital loans due to economic Losses from 2021 frost and freeze:

“The U.S. Small Business Administration (SBA) is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations that June 20 is the filing deadline for federal economic injury disaster loans in Michigan due to frost and freeze from April 2 through June 25, 2021.

Low-interest disaster loans are available in the counties of Allegan, Alpena, Barry, Berrien, Cass, Charlevoix, Cheboygan, Emmet, Kalamazoo, Kent, Mackinac, Montmorency, Muskegon, Otsego, Ottawa, Presque Isle, Saint Joseph and Van Buren in Michigan; and Elkhart, La Porte and St. Joseph in Indiana.

Under this declaration, the SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. Apart from aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers and ranchers.

The loan amount can be up to $2 million with interest rates of 3 percent for small businesses and 2 percent for private nonprofit organizations, with terms up to 30 years. The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits.

Applicants may apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at and should apply under SBA declaration # 17250. Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (for people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services), or by sending an email to Loan applications can be downloaded from the SBA’s website at Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. Submit completed loan applications to SBA no later than June 20, 2022.”