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:
Types of SBA Disaster Recovery Programs
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