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Georgia Drought Victims Offered Loans

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The Small Business Administration is offering federal disaster loans for small businesses and agricultural co-ops impacted by severe drought earlier this year in Georgia, the agency announced this week.

Smaller farm-related business, nurseries, and co-ops can apply for up to $1.5 million in low-interest loans to cover economic losses. Farmers and ranchers, as well as business in Chattahooche and Muscogee counties, aren't eligible for the loans.

"SBA's disaster declaration was issued as a result of a similar action taken by the Secretary of Agriculture to help farmers recover from damages and losses to crops," Frank Skaggs, the agency's director of field operations for the Center East region.

Disaster loans application are available at www.sba.gov/services/disasterassistance.        

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Last updated: Aug 24, 2007




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