Gilpin County, Colorado businesses and residents were affected by wildfires and straight-line winds on 12/30/2021. The Small Business Administration (SBA) is offering financial disaster assistance for Gilpin County, Colorado businesses that suffered physical damage or economic injury and loss to their CO business operations located in Gilpin County.
SBA Loan Deadlines for the Gilpin County, Colorado Declared Disaster Declaration #17299 and #17300
– Physical Damage Loan Application filing deadline is 03/01/2022.
– Economic Injury Disaster Loan (EIDL) Application filing deadline is 09/30/2022.
– Read the official SBA disaster declaration for Gilpin County here.
Business Owners in Gilpin County, for speed and personalized attention, Schedule Your Free Disaster Loan Consultation call. Depending on your situation, we may be able to assist you with the SBA process for your business in Gilpin County Colorado.
Wildfires and Straight-line Winds Incident in Gilpin County CO
On 12/30/2021, a Wildfires and Straight-line Winds bad weather incident caused damage in areas of Colorado. Disaster Number CO-00136 was declared on 12/31/2021 as an official disaster area through Disaster Declaration #17299 and #17300 due to Wildfires and Straight-line Winds.
Gilpin County, Colorado Cities and Towns Affected by Wildfires and Straight-line Winds
Here is a list of all the Gilpin County, Colorado cities, towns, parishes, and municipalities affected by the Wildfires and Straight-line Winds that occurred 12/30/2021:
Black Hawk, Central City, Rollinsville.
In Gilpin County, Colorado, eligible businesses and residents are able to apply for a low-interest disaster loan from the U.S. Small Business Administration (SBA), commonly known as an SBA Economic Injury Disaster Loan (EIDL). The SBA offers disaster loan assistance to businesses, nonprofit organizations, homeowners, and renters located in Gilpin County, Colorado, that were affected by the declared disaster number CO-00136.
The SBA also provides eligible Gilpin County, Colorado small businesses and nonprofit organizations with working capital to help overcome the economic injury of the declared disaster in Gilpin County, Colorado.
To apply for financial assistance from the SBA for your business that was affected by Wildfires and Straight-line Winds in Gilpin County, visit the official SBA Disaster Loan Assistance website.
Physical Damage to Your Gilpin County Business Property
Gilpin County, Colorado businesses and private nonprofit organizations of any size may borrow an SBA EIDL loan up to a $2 million (two million dollars) to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
Applicants in Gilpin County, Colorado may be eligible for an EIDL loan increase up to 20% (twenty percent) of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements may include a sump pump, elevation, French drain or retaining wall to help protect property and occupants from potential future damage that could be caused by a similar disaster in Gilpin County, Colorado.
Economic Injury to Your Gilpin County Business Operations in Colorado
For Gilpin County small businesses, companies, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans (EIDL) to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical damage to property.
Interest Rates for SBA EIDL Gilpin County, Colorado Disaster Loans
Interest rates for Gilpin County, Colorado are as low as 2.940% (two point nine four zero percent) for businesses, 1.875% (one point eight seven five percent) for nonprofit organizations, with loan amortization terms up to 30 years or 360 months. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition of their business located in Colorado.
Gilpin County SBA Loan Interest Rates for Physical Damage:
– Colorado Businesses with Credit Available Elsewhere 5.880%
– Businesses in Colorado without Credit Available Elsewhere 2.940%
– Colorado Non-Profit Organizations with Credit Available Elsewhere 1.875%
– Non-Profit Organizations in Colorado without Credit Available Elsewhere 1.875%
Gilpin County SBA Loan Interest Rates for Economic Injury:
– Businesses and Companies in Colorado 2.940%
– Small Colorado Agricultural Cooperatives without Credit Available Elsewhere 2.940%
– Colorado Non-Profit Organizations without Credit Available Elsewhere 1.875%
Gilpin County Business Owners, Schedule Your Free Disaster Loan Consultation Call for One-on-One Assistance for Your Company that was Affected by Wildfires and Straight-line Winds in Gilpin County, CO.
Gilpin County, Colorado Disaster Assistance From FEMA
If your Gilpin County, Colorado business was impacted by Wildfires and Straight-line Winds, and is located in one of the communities approved for assistance from the Federal Emergency Management Agency (FEMA), you can apply for disaster assistance.
Check to see if Gilpin County, Colorado is approved by FEMA by visiting DisasterAssistance.gov or by calling 1-800-621-3362 between the hours of 7am to 11pm Eastern Standard Time (EST) seven days a week.
Gilpin County SBA EIDL Loan Relief vs. FEMA Assistance Facts for Colorado
For Gilpin County businesses in Colorado, an SBA EIDL loan holds many benefits for recovering from the Wildfires and Straight-line Winds that caused damage to your physical property and economic injury to your business on 12/30/2021.
Will I be referred to the SBA after I apply with FEMA?
Yes it is possible. After you apply for disaster assistance from FEMA, you may be contacted by the SBA. If you are asked to submit an application for a low-interest SBA loan, you are encouraged to do so. Applying with the SBA assures that all available disaster assistance options remain open to you.
Will the SBA application be the basis of referrals to other grant programs?
Yes. Submitting the application makes it possible for you to be considered for additional grants. If you apply for an SBA low-interest disaster loan and are not eligible, this may open the door to additional assistance from FEMA. If SBA denies the loan application, you may be eligible for additional FEMA grant assistance to replace essential household items, replace or repair a damaged vehicle, cover storage expenses, or meet other disaster-related needs your Gilpin County, Colorado home or business has suffered.
Do I have to accept an SBA loan if I am approved?
No you do not. If the SBA determines you are eligible for a loan, you do not have to accept it. However, if you do qualify for an SBA loan and you choose not to accept it, additional resources may not be available to you for disaster recovery.
Do I have to choose between a FEMA or an SBA EIDL loan?
No. Qualifying for an SBA EIDL loan does not mean you are suddenly ineligible for FEMA assistance. There are several important reasons to complete and submit an SBA application, even if you think you don’t currently need a loan for your Gilpin County, Colorado home or business. For example, you may discover that you were underinsured for the amount of work required to repair or replace your home. An SBA low-interest disaster loan may bridge the gap between your recovery costs and the settlement amount.
Are SBA EIDL loans only meant for businesses?
No. Due to the Wildfires and Straight-line Winds being a natural disaster, the SBA also offers loans for homeowners in Gilpin County, Colorado up to $200,000 to repair or replace your primary residence. The loans are customized to your personal financial circumstances. On a case-by-case basis, the SBA may be able to assist with the refinance of your current mortgages, in the case of a first mortgage, and / or a second mortgage.
The SBA can also help Gilpin County, Colorado renters and homeowners replace household contents, for example: clothing, furniture, appliances, and vehicles. This is referred to as personal property. Homeowners and renters are eligible for up to $40,000 (forty thousand dollars) to repair or replace damaged or destroyed personal property caused by Wildfires and Straight-line Winds.
Are SBA loans available for businesses and nonprofits of any size?
Yes. Due to the Wildfires and Straight-line Winds declared disaster, Gilpin County, Colorado businesses of all sizes and private nonprofit organizations may borrow up to $2 million (two million dollars) to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. The SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to 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 in Gilpin County, Colorado, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available to businesses regardless of any property damage.
Is there a deadline to apply for the Wildfires and Straight-line Winds SBA low-interest loan?
Yes. The deadline to file applications for physical damage is 03/01/2022. The deadline to return economic injury applications is 09/30/2022. These deadlines may be slightly different depending on the county and state.
Population of Gilpin County in Colorado
Gilpin County has a population of 5,873 residents (2021 Census figures), which is a change of 1.10% in population from the 2020 Census numbers. The State of Colorado has a current total population of 5,773,714. This is a 5,812,069 change in the number of residents in CO.
The Federal Information Processing System (FIPS) Code for the State of Colorado is 8000. The FIPS code for Gilpin County, CO is 8047.
Gilpin County Official Government Website in Colorado
The official website for the Gilpin County, CO government can be found here:
Check the Gilpin County website for other possible disaster relief options for residents and businesses located in Gilpin County, Colorado.
Other Colorado Counties Affected by the Wildfires and Straight-line Winds Disaster
Besides Gilpin County, other counties that were affected by Wildfires and Straight-line Winds in Colorado were:
Colorado Primary Counties
Colorado Contiguous Counties
Colorado Cities Located in Gilpin County
Black Hawk, Central City, Rollinsville.
Summary and Conclusion of the Wildfires and Straight-line Winds Disaster in Gilpin County, CO
To apply for financial assistance and relief due to your Gilpin County, Colorado business being financially damaged by wildfires and straight-line winds on 12/30/2021, there are important SBA deadlines for when you need to submit your new application, increase request, or reconsideration request.
For the Gilpin County, Colorado Declared Disaster Declaration #17299 and #17300, the loan application filing deadline for physical damage is 03/01/2022. The economic injury disaster loan (EIDL) application filing deadline is 09/30/2022.
Gilpin County Professional Disaster Assistance for Your Business in Colorado
Was your Gilpin County, CO business disrupted by the wildfires and straight-line winds incident that occured on 12/30/2021?
We can offer professional assistance to help your business file for a new SBA EIDL loan, an increase request or loan modification, or a reconsideration appeal if you were denied for an SBA EIDL loan for your business that was economically harmed by wildfires and straight-line winds in Gilpin County under Disaster Number CO-00136 that was declared on 12/31/2021 through Disaster Declaration #17299 and #17300.
Business Owners Located in Gilpin County, Colorado:
Schedule Your Free Disaster Loan Consultation Call For Help in Financially Recovering From the Wildfires and Straight-line Winds That May Have Damaged Your Business in Gilpin County, CO.
Cover Image Credit: 123RF.com / Adrenalinapura / Disaster Loan Advisors.