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Disaster loan office to open in Colorado Springs - KOAA.com | Continuous News | Colorado Springs and Pueblo

Disaster loan office to open in Colorado Springs

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A retaining wall behind a home on Zodiac drive failed due to a landslide. A retaining wall behind a home on Zodiac drive failed due to a landslide.
COLORADO SPRINGS -

The Small Business Administration will open a field office in Colorado Springs Tuesday to help citizens who suffered damage to their homes and businesses because of this spring's flooding.

“Low interest federal disaster loans are available to businesses of all sizes, most private non-profit organizations, homeowners and renters whose property was damaged or destroyed by this disaster,” said SBA’s Colorado District Director Edward J. Cadena.

Loans are available for people living in the 8 counties where a federal disaster was declared. Those counties are: El Paso, Teller, Pueblo, Fremont, Crowley, Elbert, Douglas and Crowley.

The office will be open Monday-Friday from 8am-5pm. It's located at the Colorado Springs Fire Department Prevention Conference Room at 375 Printers Parkway.

The office is scheduled to close on October 1st. However the application period doesn't close until November 16.

Disaster loans of up to $2 million are available to homeowners to repair or replace damaged property. Homeowners and renters are eligible for up to $40,000 for replacements and/or repairs.  Funds may also be made available for work needed to mitigate further or future damages.
 
Applicants may apply online at https://disasterloan.sba.gov/ela.
 
More information on SBA disaster loans can be obtained by calling 800-659-2955 or by emailing disastercustomerservice@sba.gov.

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