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U.S.-Mexico Border Businesses Eligible for Disaster Loans due to Drought

U.S.-Mexico Border Businesses Eligible for Disaster Loans due to Drought

Frontera NorteSur

Frontera NorteSur

Certain, small non-agricultural enterprises in the Paso del Norte borderland are now eligible for U.S. Small Business Administration loans because of the drought extending across the region.
In an announcement, the SBA included the New Mexico county of Dona Ana and the Texas counties of El Paso and Hudspeth among the entities eligible for long-term, low-interest business loans in Colorado, New Mexico, Texas and Oklahoma.

“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster,” said Tanya N. Garfield, acting director of SBA’s Disaster Field Operations Center-West.

The so-called Economic Injury Disaster Loans were made available when U.S. Secretary of Agriculture Tom Vilsack declared the drought-related disaster on Wednesday, January 15, of this year.

The loans…

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