Bennet: SBA Announces Millions in Disaster Assistance Loans
Low-Interest Loans Available for Crowley, Douglas, Elbert, El Paso, Fremont, Lincoln, Pueblo, and Teller Counties
Sep 17, 2015Colorado U.S. Senator Michael Bennet applauded the Small Business Administration's (SBA) announcement today that low-interest disaster loans are now available to businesses and residents affected by landslides that began after April of 2015. Businesses and nonprofits can borrow up to $2 million to repair or replace damaged real estate, machinery, equipment, and other assets. Disaster loans of up to $200,000 are available to homeowners to repair damaged real estate and up to $40,000 is available to replace personal property. Additional funds are available to businesses and homeowners to help with the cost of improvements to prevent or minimize similar damage from occurring in the future.