ID 13779-01 SBA Offers Disaster Assistance to Idaho Small Businesses Economically Impacted by the Beaver Creek and Elk Complex Fires
SACRAMENTO, Calif. – The U. S. Small Business Administration (SBA) is offering low-interest working capital federal disaster loans to small businesses economically impacted by the Beaver Creek and Elk Complex fires that occurred August 7 - 30, 2013, U. S. Small Business Administration (SBA) Acting Administrator Jeanne Hulit announced today. SBA acted under its own authority to declare a disaster in response to a request SBA received from Gov. C.L. “Butch” Otter on September 23, 2013.
The disaster declaration makes SBA disaster assistance available in Blaine County and the neighboring counties of Bingham, Butte, Camas, Cassia, Custer, Elmore, Lincoln, Minidoka and Power.
“The U. S. Small Business Administration is strongly committed to providing the most effective and customer-focused response possible to assist Idaho’s small businesses with federal disaster loans. We will be swift in our efforts to help these small businesses recover from the financial impacts of this disaster,” said Acting Administrator Hulit.
“Beginning Thursday, September 26, SBA customer service representatives will be on hand at the following SBA Disaster Loan Outreach Centers to help small businesses impacted by the fires,” said SBA’s Boise District Director Rodney Grzadzieleski. “SBA representatives will answer questions about SBA’s Economic Injury Disaster Loan program, explain the application process, and help each business owner complete their application,” he continued. The centers will be open on the days and times indicated. No appointment is necessary.
Opens: Thursday, September 26
Mondays through Fridays, 9 am to 5 pm
Opens: Thursday, September 26
Mondays through Thursdays, 9am to 5pm
Closes: Thursday, October 10
“Small, nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private, nonprofit organizations of any size may qualify for Economic Injury Disaster Loans (EIDLs) of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred,” Grzadzieleski said.
“These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Disaster loans can provide vital economic assistance to small businesses to help overcome the temporary loss of revenue they are experiencing,” Grzadzieleski added.
Eligibility is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 4 percent for small businesses and 2.875 percent for private, nonprofit organizations with terms up to 30 years, and are restricted to small businesses without the financial ability to offset the adverse impact without hardship.
Applicants may apply online using SBA’s secure Web site at https://disasterloan.sba.gov/ela.
Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or e-mailing email@example.com. Individuals who are deaf or hard of hearing may call (800) 877-8339. For more information about SBA’s disaster assistance programs, visit http://www.sba.gov/disaster.
The deadline to return economic injury applications is June 25, 2014.
SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841
# # #