Small non-farm business owners in eight Utah counties have until May 28 to apply for financial assistance from the Small Business Administration due to losses stemming from the drop of farm income as the result of a killing spring frost in the 1990 drought.
The counties are Carbon, Duchesne, Juab, Salt Lake, Sanpete, Tooele, Utah and Wasatch, according to Stan Nakano, SBA director for Utah.He said small non-farm business including "Main Street" businesses and small agricultural cooperatives that suffered economic injury as a result of the reduced revenues to farmers and ranchers because of the weather problems still are eligible for financial assistance.
Eligibility is restricted to agri-dependent businesses, but the limitation doesn't apply to nurseries. All applicants must demonstrate substantial economic injury and must be unable to offset such injury through use of their own credit and personal resources, Nakano said.
Eligible applicants may qualify for working capital loans of up to $500,000 to meet financial obligations, which would have been met had it not been for the bad weather.