Wyoming small businesses, nonprofits eligible for federal disaster loans

SHERIDAN — Wyoming's small businesses and nonprofits that are suffering due to the COVID-19 pandemic are now eligible to apply for low-interest federal disaster loans from the U.S. Small Business Administration, SBA announced Friday evening.

The announcement comes a day after Gov. Mark Gordon issued a closure order of theaters, bars, nightclubs, coffee shops, gyms, conference rooms and other public spaces, in order to protect the public from community spread of the disease.

"SBA has and always will be committed to helping (small businesses) start, grow, expand and recover," SBA Wyoming District Office Public Affairs Specialist Jordan Belser told The Sheridan Press. "We certainly like to spend as much time as possible starting, growing and expanding, and recovery is just as important. We’re working as hard as we can to make sure folks are aware of the resources."

Organizations that have been financially impacted as a direct result of the coronavirus since Jan. 31 may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses that could have been met had the disaster not occurred, according to a press release from SBA. 

“These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact," said SBA Administrator Jovita Carranza.

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