Businesses Impacted by U.S. Highway 95 Closure may be Eligible for Assistance
Businesses Impacted by U.S. Highway 95 Closure may be Eligible for Assistance
BOISE – Idaho Office of Emergency Management (IOEM) is gathering information from non-farm small businesses and non-profit organizations whose operations were disrupted by the March 16 closure of U.S. Highway 95 between Council and New Meadows due to a landslide. This information will help determine whether impacted entities may be eligible for disaster assistance through low-interest loans from the U.S. Small Business Administration (SBA).
Heavy rainfall on March 16 triggered a landslide that caused several hundred feet of roadway shoulder to give way, forcing the highway’s closure. Since then, the Idaho Transportation Department has been working to safely restore access. The highway is expected to reopen in early May once repairs are completed. In the meantime, drivers are encouraged to use State Highway 55 as an alternate route.
IOEM is in close coordination with the SBA to evaluate the potential for an Economic Injury Disaster Loan (EIDL) Program. If approved following a disaster declaration request by Governor Brad Little, the program would make low-interest loans available to qualifying small businesses, small agricultural cooperatives, and most private non-profit organizations. These loans are intended to help cover ordinary and necessary financial obligations that cannot be met due to the disruption caused by the closure.
To request the declaration, the State of Idaho will need five or more qualifying EIDL worksheets from small businesses impacted by the closure. Businesses that have experienced economic losses, whether actual or estimated due to the ongoing closure, are encouraged to submit a worksheet, even if they do not intend to apply for a loan. This information is critical to demonstrate the extent of the economic impact and determine eligibility for federal assistance.
The worksheet may be found on IOEM’s website at ioem.idaho.gov/SBA. Forms can be downloaded and sent by email to jdick@imd.idaho.gov, by fax to 208.422.3044, or mailed directly to:
ATTN: Jarod Dick
4040 Guard St., Bldg. 600
Boise, ID 83705
Please note the EIDL worksheet is not a loan application; it is intended for businesses to report losses so a declaration request may be considered.
Farms and ranches are not eligible for the SBA program.