Restoration loans out there to small companies harm by Glenwood Canyon catastrophe

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Companies harm by pure disasters and the following closures of Interstate 70 by way of Glenwood Canyon are eligible to use for catastrophe aid loans.

Gov. Jared Polis, the Colorado Workplace of Financial Growth and Worldwide Commerce, and the Division of Homeland Safety and Emergency Preparedness introduced the loans Friday in a information launch.

The governor’s Aug. 3 catastrophe declaration for the world prompted availability of the loans by way of the U.S. Small Enterprise Administration’s (SBA) Financial Harm Catastrophe Mortgage (EIDL) program.

“The closure resulted in loss (of) revenues between 50% and 75% for lots of of small-town companies; and decreased outside recreation enterprise as a result of closure of Glenwood Canyon and resultant lack of entry to parts of the Colorado River,” Polis stated in a Sept. 10 letter to the SBA.

The loans are for companies in Garfield, Eagle, Mesa, Pitkin, Rio Blanco and Routt counties which have suffered due to flooding, mudslides, rockslides and the summer time visitors closures by way of Glenwood Canyon.

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