Loans available to businesses impacted by central Idaho fires 

The U.S. Small Business Administration recently announced that low-interest Economic Injury Disaster Loans are available to small businesses economically impacted by the Central Idaho Wildland Complex Fires in Valley and Idaho counties. The declaration covers Ada, Adams, Boise and Butte counties as well as Canyon, Clark, Clearwater, Custer, Gem, Idaho, Lemhi, Lewis, Nez Perce, Owyhee, Payette and Valley counties.

The Idaho Department of Commerce said in a statement that the department provided revenue-loss and lost-job information for approximately 15 businesses to justify the SBA declaration.

"Wildfire dramatically impacted small businesses that rely on sales during this typically prosperous season," Don Dietrich, Economic Development Administrator for the Department of Commerce, said in the release.

The U.S. Small Business Administration is offering working capital loans of up to $1.5 million, at an interest rate of 4 percent and terms up to 30 years. The loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.

SBA customer service representatives will be available at the Idaho Department of Labor office in McCall and the Idaho County Courthouse in Grangeville.

NEW! Online only subscription. 24/7 access to premium online subscriber content for only $79.00 a year!
CLICK HERE TO SIGN UP TODAY!

Comments are closed.