SBA Economic Injury Disaster Loans Available to Utah Small Businesses

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Press Release

Small nonfarm businesses in the following counties are now eligible to apply for low‑interest federal disaster loans from the U.S. Small Business Administration. These loans offset economic losses because of reduced revenues caused by drought that occurred in the following primary counties in Utah, announced Director Tanya N. Garfield of SBA’s Disaster Field Operations Center-West.

Declaration

Number

Primary

Counties

Neighboring

Counties

Incident Type

Incident Date

Deadline

16610

Box Elder, Cache, Davis Garfield, Grand, Morgan, Wayne and Weber

Beaver, Emery, Iron, Kane, Piute, Rich, Salt Lake, San Juan, Sevier, Summit, Tooele and Uintah in Utah;

Garfield, Mesa and Montrose in Colorado;

Bear Lake, Cassia, Franklin and Oneida in Idaho;

Elko in Nevada

Drought

Beginning June 2, 2020

4/26/21

16615

Iron and Washington

Beaver, Garfield and Kane in Utah;

Mohave in Arizona;

Lincoln in Nevada

Drought

Beginning July 28, 2020

4/26/21

16624

Uintah

Carbon, Daggett, Duchesne, Emery and Grand in Utah;

Garfield, Moffat and Rio Blanco in Colorado

Drought

Beginning June 16, 2020

4/26/21

16627

Beaver, Piute and Sevier

Emery, Garfield, Iron, Millard, Sanpete and Wayne in Utah;

Lincoln in Nevada

Drought

Beginning Aug. 11, 2020

4/26/21

16631

Carbon and Emery

Duchesne, Grand, San Juan, Sanpete, Sevier, Uintah, Utah and Wayne in Utah

Drought

Beginning June 30, 2020

4/21/21

“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disasters and businesses directly impacted by the disasters,” Garfield said.

Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disasters not occurred.

“Eligibility for these loans is based on the financial impact of the disasters only and not on any actual property damage. These loans have an interest rate as low as 3 percent for businesses and 2.75 percent for private nonprofit organizations, a maximum term of 30 years, and are available to small businesses and most private nonprofits without the financial ability to offset the adverse impact without hardship,” Garfield said.

By law, SBA makes economic injury available when the U.S. Secretary of Agriculture designates an agricultural disaster. The Secretary declared the declarations UT 16610 and UT 16615 on Aug. 24, 2020; declarations UT 16624 and UT 16627 on Aug. 26, 2020; and declaration UT 16631 on Aug. 21, 2020.

Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Services Agency about the U.S. Department of Agriculture assistance made available by the Secretary’s declaration. However, in drought disasters nurseries are eligible for SBA disaster assistance.

Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloanassistance.sba.gov/. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

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