Loans Available For Small Businesses Affected By Flooding

Five Arizona counties included in SBA disaster declaration

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The U.S. Small Business Association (SBA) announced that qualifying small businesses jarred by severe flooding in five northern Arizona counties are eligible for disaster assistance in the manner of low-interest loans.

SBA Administrator Karen G. Mills issued a disaster declaration for Coconino, Gila, Mohave, Navajo and Yavapai counties in response to Gov. Jan Brewer’s request for SBA assistance. Kane and San Juan counties in neighboring Utah were included in the declaration.

The SBA disaster declaration encompasses the Havasupai Tribe, the first tribal nation to qualify for a federal Major Disaster Declaration for Public Assistance as a sovereign government.

A flash flood in October 2010 forced the evacuation of 143 tourists and damaged infrastructure, including bridges and trails, critical to tourism and the provisioning of Supai Village, a remote community nestled within Havasu Canyon.

“SBA is great disaster recovery tool available to communities and, in particular, small businesses reeling from an emergency,” said Arizona Division of Emergency Management Director Lou Trammell. “Eligible small businesses can use an SBA loan to stay financially afloat after an event.”

Eligible businesses, agricultural cooperatives and nonprofit organizations can apply for Economic Injury Disaster Loans (EIDLs) of up to $2 million to cover costs, underwrite payroll and pay unsettled bills made difficult to reimburse by a disaster.

SBA states that EIDLs “are restricted to small businesses without the financial stability to offset the adverse impact without hardship.”

Complete a loan application online at, https://disasterloan.sba.gov/ela.

The deadline for economic injury applications is Nov. 7, 2011.

Disaster loan information and applications are available from the SBA Customer Service Center by calling (800) 659-2955, e-mailing SBA at disastercustomerservice@sba.gov and visiting www. sba.gov/services/disasterassistance.

Visit the Arizona Emergency Information Network Web site, www.AzEIN. gov, for real-time incident updates, preparedness and hazard information and multimedia resources.

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