SBA Colorado Disaster Declaration

On Jul. 31, SBA declared administrative disaster for state of Colorado.

  • SBA published an administrative Economic Injury Disaster Loan (EIDL) declaration for the State of Colorado dated Jul. 25, 2023, due to Highway 133 Sinkhole, Road Closure.
  • The declaration covers these incidents for period May 2, 2023 to Jun. 19. 2023.
  • Disaster Assistance
  • Disaster assistance available to victims in primary counties Delta, Garfield, Gunnison.
  • Aid also offered incontiguous COL counties of Chaffee, Eagle, Hinsdale, Mesa, Montrose, Ouray, Pitkin, Rio Blanco, Routt, Saguache; UT counties of Grand, Uintah.
  • EIDL Loans offered to businesses, small agricultural cooperatives, and nonprofits without credit available elsewhere at rates, respectively of 4.000& and 2.375%.
  • Application Deadline
  • EIDL loan applications must be filed by Apr. 25, 2024.

Regulators SBA
Entity Types Bank; CNSM; Corp
Reference 88 FR 49548, Dec #18030, 7/31/2023
Functions BCS; Compliance; Legal; Operations
Countries United States of America
Products Banking; Corporate; Loan
Regions Am
Rule Type Final
Rule Date 7/31/2023
Effective Date 4/25/2024
Rule Id 180827
Linked to N/A
Reg. Last Update 7/31/2023
Report Section US Investment

Last substantive update on 08/02/2023