Hinsdale County has been working with businesses affected by the ELK Fire. As part of the business assistance efforts, the Small Business Administration is opening a Business Recovery Center in Lake City on November 4, 5, 9, 10, and 11. The center will be open from 8 a.m. to 5 p.m. at the Hinsdale County Operations Building, 319 N. Henson St. Walk-ins are welcome, and in-person appointments can be scheduled in advance at appointment.sba.gov.

Low-interest loans are now available to businesses affected by the Elk Fire. The SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, and private nonprofit organizations — including faith‑based organizations — with financial losses directly related to the Elk Fire. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

EIDLs are available for working capital needs resulting from the disaster and can be used even if the small business or private nonprofit did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could not be paid as a result of the disaster.

Interest rates are as low as 4% for businesses, 3.625% for nonprofits, and 2.875% for homeowners and renters with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA determines eligibility and sets loan amounts and terms based on each applicant’s financial condition.