One Month Left to Apply for SBA Disaster Loans

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SACRAMENTO, Calif. – Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West today reminded small nonfarm businesses in 12 Colorado counties and neighboring counties in Utah of the Dec. 12, 2018, deadline to apply for an SBA federal disaster loan for economic injury. These low-interest loans are to offset economic losses because of reduced revenues caused by the drought in the following primary counties that began April 1, 2018.

Primary Colorado counties: Mesa and Otero;

Neighboring Colorado counties: Bent, Crowley, Delta, Garfield, Gunnison, Kiowa, Las Animas, Montrose, Pitkin and Pueblo;

Neighboring Utah counties: Grand and San Juan.

According to Garfield, small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may apply for Economic Injury Disaster Loans of up to $2 million to help meet working capital needs caused by the disaster. “Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact,” said Garfield.

“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster. Economic injury assistance is available regardless of whether the applicant suffered any property damage,” Garfield added.

The interest rate is 3.58 percent for businesses and 2.5 percent for private nonprofit organizations with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

By law, SBA makes Economic Injury Disaster Loans available when the U.S. Secretary of Agriculture designates an agricultural disaster. The Secretary declared this disaster on April 12, 2018.

Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Services Agency about the U.S. Department of Agriculture assistance made available by the Secretary’s declaration. However, nurseries are eligible for SBA disaster assistance in drought disasters.

Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

Colorado Daily Status Report: November 9, 2018

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Colorado Daily Status Report November 9, 2018

Information in this report was gathered prior to 8:30 a.m.
Link to the full report: www.bitly.com/COStatus110918

 

Alerts/Warnings

National Terrorism Advisory System: No Current Alerts | Bulletin

State Emergency Operations Center (SEOC) Activation Level

Level 4: Supporting response and recovery efforts for incidents across the state.

Current Disasters/Large Incidents

None Reported

Major Road Impacts/Closures

None Reported

Please note that the next daily report will be published on Tuesday, November 13.  DHSEM offices will be closed on Monday, November 12 in observance of Veterans Day.  The Watch Center will remain operational and the Office of Emergency Management staff will be available to respond to requests for assistance or support.  

Colorado Daily Status Report: November 8, 2018

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Colorado Daily Status Report November 8, 2018

Information in this report was gathered prior to 8:30 a.m.
Link to the full report: www.bitly.com/COStatus110818

 

Alerts/Warnings

National Terrorism Advisory System: No Current Alerts | Bulletin

State Emergency Operations Center (SEOC) Activation Level

Level 4: Supporting response and recovery efforts for incidents across the state.

Current Disasters/Large Incidents

None Reported

Major Road Impacts/Closures

None Reported

Colorado Daily Status Report: November 7, 2018

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Colorado Daily Status Report November 7, 2018

Information in this report was gathered prior to 8:30 a.m.
Link to the full report: www.bitly.com/COStatus110718

 

Alerts/Warnings

National Terrorism Advisory System: No Current Alerts | Bulletin

State Emergency Operations Center (SEOC) Activation Level

Level 4: Supporting response and recovery efforts for incidents across the state.

Current Disasters/Large Incidents

None Reported

Major Road Impacts/Closures

None Reported

Colorado Daily Status Report: November 6, 2018

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Colorado Daily Status Report November 6, 2018

Information in this report was gathered prior to 8:30 a.m.
Link to the full report: www.bitly.com/COStatus110618

 

Alerts/Warnings

National Terrorism Advisory System: No Current Alerts | Bulletin

State Emergency Operations Center (SEOC) Activation Level

Level 1:  Supporting Local and State Agencies due to Election

Current Disasters/Large Incidents

State EOC Activatoin, Election

Major Road Impacts/Closures

None Reported

Colorado State EOC Activated to Support 2018 Election


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The Colorado State Emergency Operations Center (EOC) is activated at Level 1 on November 6, 2018 to provide support and coordination to state agencies and local jurisdictions before, during and after the 2018 Midterm Election in order to prevent, protect, respond to and recovery from election related incidents.

The State EOC will be operational from 8 a.m. to 8 p.m. 


Colorado Daily Status Report: November 5, 2018

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Colorado Daily Status Report November 5, 2018

Information in this report was gathered prior to 8:30 a.m.
Link to the full report: www.bitly.com/COStatus110518

 

Alerts/Warnings

National Terrorism Advisory System: No Current Alerts | Bulletin

State Emergency Operations Center (SEOC) Activation Level

Level 4: Supporting response and recovery efforts for incidents across the state.

Current Disasters/Large Incidents

None Reported

Major Road Impacts/Closures

None Reported

Colorado Daily Status Report: November 2, 2018


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Colorado Daily Status Report November 2, 2018

Information in this report was gathered prior to 8:30 a.m.
Link to the full report: www.bitly.com/COStatus110218

 

Alerts/Warnings

National Terrorism Advisory System: No Current Alerts | Bulletin

State Emergency Operations Center (SEOC) Activation Level

Level 4: Supporting response and recovery efforts for incidents across the state.

Current Disasters/Large Incidents

None Reported

Major Road Impacts/Closures

None Reported

Colorado Daily Status Report: November 1, 2018

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Colorado Daily Status Report November 1, 2018

Information in this report was gathered prior to 8:30 a.m.
Link to the full report: www.bitly.com/COStatus110118

 

Alerts/Warnings

National Terrorism Advisory System: No Current Alerts | Bulletin

State Emergency Operations Center (SEOC) Activation Level

Level 4: Supporting response and recovery efforts for incidents across the state.

Current Disasters/Large Incidents

None Reported

Major Road Impacts/Closures

None Reported