Residents and Businesses in Utah Affected by Severe Thunderstorms and Flooding

Residents and businesses in Utah affected by severe thunderstorms and flooding that occurred on August 3-4 can now access low-interest federal disaster loans. This declaration, initiated following a request from Governor Spencer Cox on September 28 and announced by Administrator Isabella Casillas Guzman of the U.S. Small Business Administration (SBA), encompasses Davis, Morgan, Salt Lake, Summit, Tooele, Utah, and Wasatch counties. The SBA’s goal is to swiftly provide efficient federal disaster loans to support the recovery and rebuilding efforts of affected communities and businesses.

Marla Trollan, Utah SBA District Director, encouraged storm-affected businesses, nonprofits, homeowners, and renters to visit the Disaster Loan Outreach Center in Draper. She emphasized the importance of unity in rebuilding Utah and expressed readiness to help those in need.

Disaster Loan Outreach Center Details:

• Location: The Fitzgerald House, 1160 E. Pioneer Rd., Draper, UT 84020
• Operating Hours: Opens at 9 a.m. on Tuesday, Oct. 3, and operates Mondays through Fridays from 9 a.m. to 6 p.m. (Closed on Monday, Oct. 9, for Columbus Day)

Key Information:

• Deadline for Physical Property Damage Loans: December 1, 2023
• Deadline for Economic Injury (EIDL) Loans: July 2, 2024

Interest Rates Vary Depending on the Applicant’s Category:

• For Physical Damage:
  • Homeowners with Credit Available Elsewhere: 5.0%
  • Homeowners without Credit Available Elsewhere: 2.5%
  • Businesses with Credit Available Elsewhere: 8.0%
  • Businesses without Credit Available Elsewhere: 4.0%
  • Non-Profit Organizations with Credit Available Elsewhere: 2.375%
  • Non-Profit Organizations without Credit Available Elsewhere: 2.375%
• For Economic Injury:
  • Businesses and Small Agricultural Cooperatives without Credit Available Elsewhere: 4.0%
  • Non-Profit Organizations without Credit Available Elsewhere: 2.3%

Disaster Numbers:

• Physical Damage: 200066
• Economic Injury: 200070

For more information and to apply, individuals can visit the SBA’s disaster loan assistance website at https://disasterloanassistance.sba.gov/ or contact the SBA’s Customer Service Center at (800) 659-2955. Completed applications should be sent to the U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

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