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SBA offers assistance to 17 Utah counties Oct 26, 2012 (91.55 KB)
DISASTER NEWS Economic Injury Loans for Small Businesses Release Date: October 26, 2012 Media Contact: Richard Jenkins Release Number: UT 13361, 13362, 13363, 13364- Phone: (916) 735-1500 01 Disaster Assistance Available for Utah Small Businesses SACRAMENTO, Calif. – Small, nonfarm businesses in 17 Utah counties and neighboring counties in Arizona and Nevada are now eligible to apply for low-interest federal disaster loans from the U. S. Small Business Administration (SBA). “These loans offset economic losses because of reduced revenues caused by adverse weather conditions that occurred in the following primary Utah counties,” announced Alfred E. Judd, Director of SBA’s Disaster Field Operations Center West. “SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster,” Judd 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 (EIDLs) of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred. “Eligibility for these loans is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 4% for businesses and 3% 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,” Judd said. By law, SBA makes EIDLs available when the U. S. Secretary of Agriculture designates an agricultural disaster. Secretary Tom Vilsack declared these disasters at the request of Governor Gary R. Herbert. Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Services Agency (FSA) about the U. S. Department of Agriculture (USDA) assistance made available by the Secretary’s declaration. Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure Web site at https:// disasterloan.sba.gov/ela. Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling SBA toll-free at (800) 659-2955, emailing disastercustomerservice@sba.gov, or visiting SBA’s Web site at www.sba.gov/services/disasterassistance. Individuals who are deaf or hard-of-hearing may call (800) 877-8339. SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841 ### -
SBA offers drought disaster assistance to 11 Utah counties, Oct. 23, 2012 (46.59 KB)
Excerpt from the news reelase: Disaster Assistance Available for Utah Small Businesses Sacramento, CA – Small, nonfarm businesses in 11 Utah counties and neighboring counties in Idaho and Wyoming are now eligible to apply for low‑interest federal disaster loans from the U. S. Small Business Administration (SBA). “These loans offset economic losses because of reduced revenues caused by the drought that occurred August 21 through October 15, 2012, in the following primary counties,” announced Alfred E. Judd, Director of SBA’s Disaster Field Operations Center-West. Primary Utah counties: Cache, Davis, Morgan, Rich, Salt Lake and Weber; Neighboring Utah counties: Box Elder, Summit, Tooele, Utah and Wasatch -
Small Business Administration offers flood assistance for Santa Clara (32.26 KB)
Text version of the attached news release we received today from the U.S. Small Business Administration: SBA Offers Disaster Assistance to Utah Residents and Businesses Affected by the Flooding in Washington County Sacramento, CA – Low-interest, federal disaster loans are available to Utah residents and business owners affected by the flooding in Washington County that occurred on September 11, 2012, U. S. Small Business Administration (SBA) Administrator Karen G. Mills announced today. SBA acted under its own authority to declare a disaster in response to a request SBA received from Governor Gary R. Herbert on September 27. The disaster declaration makes SBA assistance available in the Utah counties of Iron, Kane and Washington; the Arizona county of Mohave; and the Nevada county of Lincoln. “The U. S. Small Business Administration is strongly committed to providing Utah with the most effective and customer-focused response possible, and we will be there to provide access to federal disaster loans to help finance recovery for residents and businesses affected by the disaster,” said Mills. “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.” “Low-interest, federal disaster loans are available to homeowners, renters, businesses of all sizes and private, nonprofit organizations whose property was damaged or destroyed by this disaster,” said SBA’s Utah District Director Stan Nakano. “Beginning Tuesday, October 2, SBA representatives will be on hand at the following Disaster Loan Outreach Center to issue loan applications, answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Nakano continued. The center will be open on the days and times indicated. No appointment is necessary. WASHINGTON COUNTY Disaster Loan Outreach Center Santa Clara City Offices 2603 Santa Clara Drive Santa Clara, Utah 84765 Opens Tuesday, October 2, at 8:00 AM Mondays thru Fridays Hours: 8:00 am – 5:00 pm (Closed Monday, October 8, for Columbus Day) Closes Thursday, October 11 at 5:00 pm Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property. Businesses of any size and private, nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. SBA can also lend additional funds to homeowners and businesses to help with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future. For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any property damage. Interest rates can be as low as 1.688 percent for homeowners and renters, 3 percent for private, nonprofit organizations and 4 percent for businesses, with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition. Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure Web site at https://disasterloan.sba.gov/ela -
Correction 9.20 Governor Requests Federal Disaster Assistance.pdf (223.35 KB)
Official news release is attached For Immediate Release Sept. 20, 2012 CORRECTION: The Governor has yet to sign the letter to the President, but anticipates doing so within the next few weeks. Governor Requests Federal Disaster Assistance SANTA CLARA, UT – Utah Governor Gary R. Herbert today declared a State of Emergency for Utah and anticipates signing a letter requesting President Barack Obama issue a presidential disaster declaration for the state due to the recent flooding in southern Utah. If approved by the President, Utah would become eligible for federal disaster assistance for public infrastructure. "My heart goes out to the local residents and families who were impacted by this terrible tragedy," said Utah Governor Gary R. Herbert. "Recovering from disasters and rebuilding public infrastructure takes partnerships and cooperation. The State of Utah deeply appreciates first responders, local county officials, the countless and inspiring volunteers, as well as FEMA's efforts to help Santa Clara assess the damage so we can begin to rebuild what we have lost." “This is one of the critical steps in assuring that federal assistance is provided to the communities impacted by the flooding in Santa Clara,” said Keith Squires, Director of the Utah Department of Public Safety’s Division of Emergency Management (DEM). On Sept. 11, the Laub Dam gave way, sending a torrent of water into Santa Clara, damaging 66 homes, 18 businesses and various elements of public infrastructure, including gravel roads, sidewalks, sewer lines and golf courses. DEM staff will work closely with FEMA officials to draft the letter. According to preliminary damage assessments completed by a joint team from FEMA, the state and local agencies, it appears the affected areas of Santa Clara, Ivins and St. George suffered $3.8 million in eligible damages to public infrastructure. Damage to homes and businesses is not eligible for the type of assistance Utah is seeking. If the president approves the State’s request for a presidential disaster declaration, a FEMA team would return to identify and approve eligible projects. State and/or local agencies must match 25 percent of the total federal assistance package. ### Governor’s Office Contact: Nate McDonald Public Information Officer 801.538.1509 801.673.0664 nmcdonald@utah.gov
