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Monday, November 27, 2017

Business hurting after this summer's fires? SBA announces help

Low-interest loans available for working capital

Posted By on Mon, Nov 27, 2017 at 3:24 PM

If you spent anytime in Central Oregon in August and September, then you know the word that was on the tip of everyone's tongues: Fire.

Fires including the Milli Fire, the Nash Fire and many others caused hazardous air quality and shut down many events, including the Sisters Folk Festival. With people forced to stay inside—or even vacate the area all together to avoid the smoke—local businesses struggled.


click image A screenshot of the real-time air quality index on Aug. 30, when fires raged throughout Oregon.
  • A screenshot of the real-time air quality index on Aug. 30, when fires raged throughout Oregon.

While some of that impact can't be recouped, today, the Deschutes County Sheriff's Office sent reminder today, announcing that as of  Nov. 16, the U.S. Small Business Administration would be offering low-interest federal disaster loans for small businesses affected by the Milli and Nash fires, which happened from around Aug. 10 to Sept. 25. SBA officials say the SBA "acted under its own authority to declare a disaster" following a request from Gov. Kate Brown.

The deadline to apply is Aug. 16, 2018. To apply, visit this link:  https://disasterloan.sba.gov/ela.

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