Disaster Loans Available to Farmers, Ranchers and Small Businesses in El Dorado County
March 07, 2017
Placerville, CA – President Donald J. Trump issued a major disaster declaration on February 14, 2017 due to Severe Winter Storms, Flooding and Mudslides that occurred January 3-12, 2017. As a result the U.S. Department of Agriculture has emergency loans available for
farms and businesses in El Dorado County.
Emergency farm loans for up to a maximum of $500,000 are available for both physical and crop production losses as a direct result of the disaster. The loans are available to farmers and ranchers who conduct family-sized farming operations.
Agriculturalists interested in these loans can contact the local Farm Service Agency (FSA) office in Elk Grove at (916)714-1104.
In addition, when an agricultural disaster designation is declared, Economic Injury Disaster Loans (EIDLs) of up to $2 million are available through the U.S. Small Business Administration (SBA). Businesses primarily engaged in farming or ranching are not eligible
for SBA disaster loans. Some of the businesses that may qualify for severe storm disaster EIDLs are small agricultural cooperatives, nurseries, private nonprofit organizations and other small businesses that depend on farmers and ranchers or have been directly impacted from
Applicants may apply for a SBA loan online using the Electronic Loan Application at https://disasterloan.sba.gov/ela. Businesses can also e-mail the SBA’s Customer Service Center at email@example.com or call (800)659-2955 for disaster loan
information and application forms.
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