Colorado disaster loan program keeps Aug. 18 filing deadline for fire-hit businesses

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Colorado disaster loan deadline

Highlights

The SBA's Economic Injury Disaster Loan program remains open to businesses in Colorado's Garfield, Moffat, Rio Blanco, Routt counties and Utah's Uintah County for disasters from Aug. 2 to Aug. 29, 2025.
Eligible small businesses and nonprofits may borrow up to $2 million at rates as low as 4% for businesses and 3.625% for nonprofits with up to 30-year terms.
Interest does not accrue and no loan payments are required until 12 months after first disbursement, supporting working capital needs caused by disaster-related revenue losses.

Loan terms and eligible areas

As reported by the U.S. Small Business Administration, its Economic Injury Disaster Loan program remains available to eligible small businesses, small agricultural cooperatives and private nonprofit organizations affected by the Lee and Elk Fires, mudslides and debris flows that occurred from Aug. 2 to Aug. 29, 2025.

The declaration covers Colorado's Garfield, Moffat, Rio Blanco and Routt counties, along with Uintah County in Utah. The financing is intended for working capital needs caused by the disaster, even when an applicant did not suffer physical property damage.

Loan amounts can reach $2 million, with interest rates as low as 4% for businesses and 3.625% for private nonprofits, and terms of up to 30 years. The SBA says interest does not accrue and payments are not due until 12 months after the first loan disbursement, with final amounts and terms based on each applicant's financial condition.

Recovery support for local operations

Funds may be used to cover fixed debts, payroll, accounts payable and other bills that could not be paid because of the disaster. That structure is aimed at helping organizations maintain operations while recovering from revenue losses tied to the fires and related debris events.

Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at SBA, says the loans help eligible small businesses cover operating expenses after a disaster and support local economies during recovery. Applications can be submitted online through sba.gov/disaster, while additional assistance is available through SBA's customer service center and disaster support email.

Our earlier article covered South East Water’s efforts to secure new debt facilities as rising costs and tighter funding conditions increased liquidity risk. We noted the utility’s warning that, despite having resources through July 2027, it may need additional borrowing soon after to remain a going concern, amid regulatory penalties and weaker investor confidence in the sector.

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