State Senator Bill Beagle (R-Tipp City) announced the availability of federal disaster assistance loans for small businesses in Darke and Preble counties as a result of excessive rain and flooding that occurred throughout spring and summer.

“Small businesses and the agriculture industry are a vital part of our community and our economy,” said Beagle. “These loans and their availability to business owners in Darke and Preble Counties will be able to provide relief to some of those hit hardest by the weather this summer.”

Federal assistance is available to eligible farm-related and non-farm entities that suffered financial losses as a direct result of the disaster. With the exception of aquaculture enterprises, the U.S. Small Business Administration (SBA) can not provide disaster loans to agriculture producers, farmers or ranchers. 

Loans of up to $2 million with interest rates of 2.65 percent for private nonprofit organizations and 4 percent interest for small businesses, with terms up to 30 years, are available for eligible applicants. Eligibility is determined based on the size of the applicant, type of activity and its financial resources. 

Disaster assistance is available for the following counties in Ohio: Butler, Darke, Defiance, Hamilton, Mercer, Paulding, Preble and Van Wert. 

Applicants can learn more and apply online using the Electronic Loan Application (ELA) through the SBA website at or mail a completed application to the following address:

U.S. Small Business Administration
Processing and Disbursement Center
14925 Kingsport Road
Fort Worth, TX 76155

Applications must be submitted no later than April 12, 2016

Featured Posts

Beagle Announces Approval Of $9.65 Million Investment In Sinclair Community College


"Serving more than 300,000 students across the state, it is important to continue to invest in community colleges that play a key role in Ohio's workforce development," said Beagle.


PHOTO: Beagle Joins Governor For Signing Of Senate Bill Raising Awareness For Deaf Culture History


"Deaf history is rich and complex, but not without adversity," said Senator Beagle, who sponsored the legislation in the Senate. 


Beagle Welcomes Industry Leaders To Statehouse For Ohio Aerospace Day 2017


"Aerospace Day is an important opportunity for us to showcase the many facets of Ohio’s rapidly evolving aviation industry and to inform policymakers about how we can lead in promoting this robust economic sector," said Beagle


ADVISORY: Beagle Announces Ohio Aerospace Day 2017 At Ohio Statehouse


COLUMBUS - State Senator Bill Beagle (R-Tipp City), Chair of the Ohio Aerospace and Aviation Technology Committee, invites you to join him for a gathering of government, industry and academic leaders to discuss the future of Ohio's aerospace and aviation industry on Tuesday, November 28, 2017 at the Statehous