Washington, DC – Colorado 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.
“The unusually heavy rainfall we received might have helped prevent wildfires, but it resulted in landslides for communities on the Front Range,” Bennet said. “It’s important that we provide the resources that they need to recover. This funding will be available to business owners and residents ready to rebuild and make-up for any financial losses.”
Beginning Tuesday September 22nd SBA representatives will be available at the location below to provide loan applications and answer questions. The filing deadline to return applications for property damage is November 16, 2015 and the deadline for an economic injury application in June 16, 2015. For more information click here.
El Paso County Disaster Assistance Loan Outreach Center
Colorado Springs Fire Department
Prevention Conference Room – First Floor
375 Printers Parkway
Colorado Springs, CO 80910
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