The U.S. Small Business Administration’s (SBA’s) Disaster Assistance Program is one of the federal government’s primary sources of financial assistance to help individuals and households recover and rebuild from a major disaster. In many cases, homeowners and renters find that they need assistance from both programs to support their recovery.
SBA offers long-term, low-interest disaster loans to businesses of all sizes, private nonprofit organizations, homeowners and renters.
Active SBA Disaster Assistance Programs in Idaho
The SBA issued an Economic Injury Disaster Loan (EIDL) declaration for the State of Idaho on July 12, 2024. The EIDL will provide aid to businesses impacted by the Teton Pass landslide and closure of Highway 22 that began June 8, 2024.
The following areas have been determined to be adversely affected by the disaster:
- State of Idaho:
- Teton County
- Bonneville County
- Fremont County
- Madison County
- State of Wyoming:
- Teton County
EIDL Loan Application Deadline Date: April 14, 2025
SBA has established a virtual Business Recovery Center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their electronic loan application.
Virtual Business Recovery Center
Monday – Friday, 8:00 a.m. – 4:30 p.m.
FOCWAssistance@sba.gov
(916) 735-1501
Related files and information:
The SBA issued a disaster declaration for the State of Idaho on Aug. 2, 2024. The declaration makes low-interest federal disaster loans available to Idaho businesses and residents affected by the severe storm, flooding, landslides and mudslides that occurred April 14 – 15.
The SBA Rural disaster declaration makes SBA assistance available to both rural and non-rural areas of Idaho County.
The deadline to apply for property damage is Oct. 1, 2024. The deadline to apply for economic injury is May 2, 2025.
SBA has established a virtual Disaster Loan Outreach Center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their electronic loan application.
Virtual Disaster Loan Outreach Center
Monday – Friday, 8:00 a.m. – 4:30 p.m.
FOCWAssistance@sba.gov
(916) 735-1160
Related files and information:
The SBA issued an Economic Injury Disaster Loan (EIDL) declaration for the State of Idaho on Oct. 8, 2024. The EIDL will provide aid to businesses impacted by the wildfires, including the Bench Lake and Wapiti Fires that began July 11.
The disaster declaration makes SBA assistance available in Blaine, Boise, Butte, Custer, Elmore, Lemhi and Valley counties in Idaho.
EIDL Loan Application Deadline Date: July 7, 2025
Virtual Business Recovery Center
Monday – Friday, 8:00 a.m. – 4:30 p.m.
FOCWAssistance@sba.gov
(916) 735-1501
Related files and information:
Types of SBA Disaster Recovery Programs
The U.S. Small Business Administration (SBA) offers low-interest disaster loans to homeowners and renters in a declared major disaster area. You don’t need to own a business to apply for SBA assistance.
Who can apply for an SBA disaster loan?
- Businesses of all sizes
- Homeowners
- Renters
- Private nonprofit organizations
You must be located in a declared disaster area and meet other eligibility criteria depending on the type of loan.
How to use an SBA disaster loan
- Losses not covered by insurance or funding from the Federal Emergency Management Agency for both personal and business
- Business operating expenses that could have been met had the disaster not occurred
Types of disaster loans
- Physical damage loans: Loans to cover repairs and replacement of physical assets damaged in a declared disaster.
- Mitigation assistance: Expanded funding to make improvements to eliminate future damage.
- Economic Injury Disaster Loans: Funding to cover small business operating expenses after a declared disaster.
- Military reservist loan: SBA provides loans to help eligible small businesses with operating expenses to make up for employees on active duty leave.
Small businesses, small agricultural cooperatives, and most private nonprofit organizations in declared disaster areas may qualify for SBA Economic Injury Disaster Loans (EIDL) if they have suffered substantial economic injury. These loans provide up to $2 million for working capital and normal expenses like health care benefits, rent, utilities, and fixed debt payments, regardless of property damage.
Interest rates are as low as 4% for businesses and 3.25% for private nonprofits, with terms up to 30 years. Interest accrues 12 months after the first disbursement, and repayment begins 12 months from the first disbursement.
Contact
- Visit: SBA.gov/disaster
- Call: (800) 659-2955*
- Email: disastercustomerservice@sba.gov
*Telecommunications relay services are available by dialing 7-1-1.
IOEM Recovery Section Contact
Recovery Section Chief
Jarod Dick
(208) 258-6515
jdick@imd.idaho.gov