Low interest loans are available for small businesses that suffered economic impact due to the recent wild fires across Los Alamos. Governor Susana Martinez is encouraging businesses for completion of “Estimated Disaster Economic Injury Worksheet for Businesses”. These laons have been made available to them through county emergency managers or on the website of New Mexico Department of Homeland Security and Emergency Management.
The Small Business Administration is extending its help to small businesses that were impacted as a result of the fires. Small businesses that were forced to close down can receive support in the form of low interest loans that will help communities recover from their state of disaster more quickly.
Economic injury disaster declaration has resulted from Governor Martinez’s certification that five small businesses have suffered significant losses as a result of disaster and are in need of great financial assistance that is not currently available in the region. As a consequence of approval from the SBA, the Economic Injury Disaster Loans (EIDLs) will be forwarded to businesses that had to bear the brunt of fire breakout.
Filling in the worksheet, however, does not guarantee SBA loans. But Governor Martinez has opened up this provision for businesses so as to help them find additional means by which they can recover from the disaster. It is mandatory for small businesses to complete the worksheet within 120 days of disaster that left an economic impact.
This article was submitted by Raj Tulshan, Director of Business Development of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to