On Sep. 12, SBA made economic injury aid available in Colorado.
SBA reported Economic injury disaster loans (EIDLs) available to COL small businesses for economic losses due to reduced revenues from drought beginning Jul. 16, 2024.
US Secretary of Agriculture designated an agricultural disaster on Sep. 9, 2024.
Eligibility
Primary counties are Adams, Jefferson; neighboring Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Gilpin, Morgan, Park, Teller, Washington and Weld.
Reported that small nonfarm businesses, agricultural cooperatives, businesses engaged in aquaculture and most private nonprofits may qualify for EIDLs from SBA.
For economic injury disaster loans of up to $2 million to help meet financial obligations and operating expenses, which victims could have met had the disaster not occurred.
Eligibility based on financial impact of disaster only, not on actual property damage.
Deadline
Complete EIDL applications must be submitted to SBA by May 9, 2025.
