Submitted to the Herald Review OSCEOLA COUNTY\u00a0-\u00a0The U.S. Small Business Administration announced that federal economic injury\u00a0disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged\u00a0in aquaculture and most private nonprofit organizations of all sizes located in Michigan as a result of\u00a0excessive snow, freeze and extremely cold temperatures from Jan. 1 through June 3, 2015. The disaster declaration includes Osceola, Mecosta, Lake and many other Michigan counties. "When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages\u00a0and losses to crops, the Small Business Administration issues a declaration to eligible entities affected by\u00a0the same disaster," said Frank Skaggs, director of SBA's Field Operations Center East in Atlanta. Under this declaration, the SBA's Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities which suffered financial losses as a direct result of this disaster. With\u00a0the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers,\u00a0farmers or ranchers. The loan amount can be up to $2 million with interest rates of 2.625 percent for private nonprofit\u00a0organizations of all sizes and 4 percent for small businesses, with terms up to 30 years. The SBA\u00a0determines eligibility based on the size of the applicant, type of activity and its financial resources. Loan\u00a0amounts and terms are set by the SBA and are based on each applicant's financial condition. These\u00a0working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could\u00a0have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits. Applicants may apply online using the Electronic Loan Application via SBA's secure website at\u00a0disasterloan.sba.gov\/ela. Disaster loan information and application forms may also be obtained by calling the SBA's Customer\u00a0Service Center at (800) 659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email\u00a0to email@example.com. Loan applications can be downloaded from sba.gov\/disaster. Completed applications should be mailed to: U.S. Small Business Administration, Processing and\u00a0Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.\u00a0Completed loan applications must be returned to SBA no later than June 14, 2016.