The Small Business Administration (SBA) is making federal disaster loans available to small businesses, small agricultural cooperatives and non-profits in Hamilton and Clermont counties that have suffered because of the drought, Ohio's U.S. Sen Sherrod Brown said Friday.

Loans up to $2 million are available with a 3 percent interest rate for non-profit organizations and 4 percent for small businesses up to 30 years under the Federal Economic Injury Disaster Loan program, the SBA said.

Loan terms and limits will be based on a case-by-case basis. The loans can be used to help Ohioans pay for fixed debts, payroll and other bills that have mounted as a result of the drought, a federally declared agriculture disaster.

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