SBA Drought Disaster Loans for COL

Published on: Oct 30, 2024

On Oct. 28, SBA offered disaster loans to Colorado small businesses.

  • SBA reported $2mn Economic Injury Disaster Loans (EIDLs) are available in Colorado.
  • Loans offset economic losses because of reduced revenues caused by drought.
  • Aid for small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, private nonprofits with economic losses from drought starting Oct. 15.
  • Deadline
  • Funds for the Disaster Loan Program have been fully expended; applicants are encouraged to submit their loan applications promptly for review for future funding.
  • The deadline to submit applications for economic injury is Jun. 23, 2025.
Regulators
SBA
Entity Types
CNSM; Corp
Reference
PR CO 20834-01, 10/28/2024
Functions
BCS; Compliance; Financial; Legal; Operations; Risk
Countries
United States of America
Category
State
N/A
Products
Corporate; Loan
Rule Type
Final
Regions
Am
Rule Date
Oct 28, 2024
Effective Date
Jun 23, 2025
Rule ID
231282
Linked to
N/A
Reg. Last Update
Oct 28, 2024
Report Section
US Consumer