Businesses and residents in declared disaster areas can now apply for low-interest disaster loans from the SBA.
The declaration includes Anoka County, Minnesota; and the adjacent counties of Chisago, Hennepin, Isanti, Ramsey, Sherburne and Washington.
Who can apply: Small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofit organizations with economic losses due to drought that began Aug. 2, 2022.
Under this declaration, the SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. Apart from aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, and ranchers. Nurseries are eligible to apply for economic injury disaster loans for losses caused by drought conditions.
About the EIDL loan program: The loan amount can be up to $2 million with interest rates of 3.04 percent for small businesses and 1.875 percent for private nonprofit organizations, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
Information about the loan program and eligibility can be found in the Disaster Loans - Fact Sheet.
Application Filing Deadline: May 26, 2023
How to Apply: Apply under SBA declaration # 17661 using the Electronic Loan Application (ELA) website.
Customer Service: Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 or via email, DisasterCustomerService@sba.gov. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
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SBA celebrates women-owned businesses and their lasting impact on the economy. Explore SBA's resources for women entrepreneurs and participate in the Women-Owned Small Business Federal Contracting Program. Learn more. |
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Help encourage and celebrate mentoring in all its forms.
Make a difference. Read below on how you can become a SCORE mentor.
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SBA is accepting nominations for the 2023 National Small Business Week Awards, including the Small Business Person of the Year. Winners will be honored next May.
As required by the National Defense Authorization Act (NDAA) of 2021, VA’s Center for Verification and Evaluation will be transferred to SBA effective January 1, 2023.
What this means for your business
- There is no immediate action required for VOSB or SDVOSB verified small business owners at this time.
- We will provide additional guidance for self-certified SDVOSBs. The 2021 NDAA permits self-certified SDVOSBs up to one year after the transfer to remain self-certified.
- VOSBs or SDVOSBs verified by VA at the time of the transfer will not lose their status.
- VA and SBA are committed to being transparent and providing a seamless transition with minimal impact to small businesses participating in the program.
- Both agencies will keep all stakeholders, including VOSBs and SDVOSBs, updated on the new CVE processes.
You can learn more about this in our Frequently Asked Questions about the transfer of the Center for Verification and Evaluation to SBA.
For questions about CVE’s transfer to SBA, please email cvetransfer@sba.gov.
 SCORE is looking for people with diverse backgrounds and experiences to serve in a variety of roles — from knowledgeable business mentors to local community advocates.
What you’ll do:
- Advise small business owners and aspiring entrepreneurs
- Guide clients in developing business plans and business growth
- Share business knowledge, experience, and practical “know-how”
- Inspire business owners to achieve their ownership dreams
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- Oct. 24 - 26, Cyber Security Summit (SBA guest speaker)
- Oct. 25, The 18th Annual Greater Minnesota Government Procurement Fair (PTAC)
- Oct. 25, Building Your Strategic Model - Idea to Business Plan: Session 1 (SCORE)
- Oct. 25, Are You Ready for Financing? (SCORE)
- Oct. 26, 2022 Equity Summit - Disabled Entrepreneurs (PTAC)
- Oct. 26, Strong Business Credit (SBA)
- Oct. 26, SBA Cyber Summit (SBA)
- Oct. 26, 2022 Equity Summit - Disabled Entrepreneurs (PTAC)
- Oct. 27, Entrepreneurs' Virtual Coffee Break with SBA: Resources for Small Business (SBA)
- Oct. 27, QuickBooks Basics: Desktop Version (SCORE)
- Oct. 27, What You Need to Know Before Moving Forward With Your Business Idea (SCORE)
- Nov. 1, Where's the Money - Sourcing Capital for Your Business (SCORE)
- Nov. 1, TriState Webinar: Doing Business with the VA and Veteran Verification (PTAC)
- Nov. 1, Dept of Administration - PTAC Orientation Class (PTAC)
- Nov. 2, Risk Management- Planning for the Unexpected (SBA)
- Nov. 2, Start with Brand 2 - Messaging & Identity (SCORE)
- Nov. 3, Modern Day Technology - Using Hardware To Work Smarter, Not Harder! (SCORE)
- Nov 8, Exploring Federal Contracting - The Basics (PTAC)
- Nov. 8, Writing Your Tactical Business Plan - Idea to Business Plan: Session 2 (SCORE)
- Nov. 8, The Entrepreneurs Pathway to Capital – A Fresh Approach to Capitalize Your Business (SCORE)
- Nov. 9, 2022 Equity Summit - Veteran Entrepreneurs (PTAC)
- Nov. 9,Do You Have the Personal Finances to Start a Business? Step-by-Step Financial Assessment Workshop (SCORE)
- Nov. 9, Insurance - Choices for Businesses (SBA)
- Nov. 10, The Art of Buying and Selling a Business (SCORE)
- Nov. 10, BOOTS TO BUSINESS REBOOT (SBA)
- Nov. 15, November 15: Supplier Diversity & Certifications - You Have Questions, SCORE Has Answers (SCORE)
- Nov. 15, Exploring Federal Contracting - The Basics (PTAC)
- Nov. 16, Tax Planning and Reporting (SBA)
- Nov. 16, Financing Your Business – A General Overview with an Emphasis on Government Construction (PTAC)
- Nov. 17, Live Q&A - Expert Advice for Veteran Entrepreneurs (SCORE)
- Nov. 23, Selling Your Business and Succession Planning (SBA)
- Nov. 29, Federal Contracting - A Deeper Dive (PTAC)
- Nov. 30, 2022 Equity Summit - Native American Entrepreneurs (PTAC)
- Nov. 30, The Low-Down on Credit Scores (PTAC)
- Nov. 30, Managing Cash Flow for Small Business(SBA)
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