Small businesses and private nonprofit organizations in Creek County that have been affected by drought may apply for low-interest federal disaster loans, the U.S. Small Business Administration announced Oct. 30.
Creek County is one of three primary Oklahoma counties named in the SBA’s announcement, along with Haskell and Latimer counties. The assistance covers drought occurring Sept. 29 and continuing.
Eligible businesses and nonprofits in the contiguous Oklahoma counties of Le Flore, Lincoln, McIntosh, Muskogee, Okfuskee, Okmulgee, Pawnee, Payne, Pittsburg, Pushmataha, Sequoyah and Tulsa may also apply.
Who can apply
According to the SBA, small businesses, private nonprofits and faith-based organizations, small agricultural cooperatives and nurseries, and small aquaculture enterprises may apply.
Loan details
The loans are Economic Injury Disaster Loans, which provide working capital assistance for operational expenses caused by the disaster.
Loans are available for up to $2 million, with interest rates as low as 4% for small businesses and 3.625% for private nonprofit organizations. Loan terms run up to 30 years, and there is no interest and there are no required payments during the first 12 months following disbursement.
How to apply
Applications are accepted online at sba.gov/disaster. The application deadline is June 21, 2027.
Applicants may call the SBA National Support Network Center with questions about their application at 866-SBA-HELP or email disastercustomerservice@sba.gov. People who are deaf, hard of hearing or have a speech disability may dial 7-1-1 to access telecommunications relay services.
Information for this story was provided by the U.S. Small Business Administration.
