Provide direct financial support or connections to other financing options to assist eligible agricultural or fisheries operations that are experiencing a temporary loss of revenue as a direct result of the disaster.
| Agency & Program Name | Type of Program & Funding Source | Phase Available | Critical Program Information |
|---|---|---|---|
| DOC / EDA: Economic Adjustment Assistance – Revolving Loan Fund | Loan Annual Supplemental | Intermediate Long-Term | EDA is not authorized to provide direct financial assistance to for-profit organizations or businesses. However, under EAA, EDA can provide funding to eligible recipients for Revolving Loan Fund (RLF) grants. RLF grants allow eligible recipients to capitalize or recapitalize lending programs to assist businesses that otherwise may struggle to obtain traditional bank financing. These loans provide access to capital through gap financing to enable small businesses to grow and generate new employment opportunities with competitive wages and benefits. Financing also helps retain jobs that might otherwise be lost, create wealth, and support minority and women-owned businesses. |
| DOC / NOAA: Fishery Disaster Assistance | Grant Cooperative Agreement Supplemental | Long-Term | The Secretary of Commerce makes sums available to declared fishery disaster subject to appropriation of funds by Congress. The recipient(s) of the funding, in partnership with NOAA Fisheries, develops a spending plan based on high priority needs in the affected fishing community. |