Colorado Fires Spark SBA Loans: Businesses Get Economic Lifeline
Published Date: 11/21/2025
Notice
Summary
Colorado businesses in Rio Blanco and nearby counties hit by the Lee and Elk fires, mudslides, and debris flows can now apply for special low-interest disaster loans. These loans help cover economic losses from August 2-29, 2025, and applications are open until August 18, 2026. This means affected small businesses and nonprofits have a financial lifeline to bounce back stronger!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Low‑Interest EIDLs for Small Businesses
If you are a small business or small agricultural cooperative in the declared areas of Colorado or Utah, you can apply for an Economic Injury Disaster Loan (EIDL) for losses from August 2–29, 2025. The interest rate for businesses and small agricultural cooperatives without credit available elsewhere is 4.000%, and applications are accepted through August 18, 2026 via the MySBA Loan Portal (https://lending.sba.gov).
EIDLs Available to Nonprofit Organizations
If your nonprofit organization in the declared areas of Colorado or Utah suffered economic injury during August 2–29, 2025, you may apply for an Economic Injury Disaster Loan. The interest rate for nonprofit organizations without credit available elsewhere is 3.625%, and the application deadline is August 18, 2026 (apply at https://lending.sba.gov).
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