Larimer County residents and business owners impacted by last year’s wildfires can apply for low-interest federal disasters loans from the Small Business Administration.

Loans will only be applicable for those impacted by wildfires, including the Cameron Peak Fire, from Sept. 6 through Nov. 5, to replace damaged or destroyed real estate, machinery and equipment, inventory, and other businesses assets.

Cameron Peak Fire resulted in a market loss of more than $6 million

Businesses of all sizes, including nonprofits, are eligible for the loans and can borrow up to $2 million. 

“The SBA is strongly committed to providing Colorado with the most effective and customer-focused response possible and we will be there to provide access to federal disaster loans to help finance recovery for businesses and residents affected by the disaster,” said SBA acting administrator Tami Perriello.

“Getting our businesses and communities up and running after a disaster is the highest priority at SBA.”

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Homeowners seeking disaster loans can borrow up to $200,000 to repair or replace real estate, while rents are also eligible for up to $40,000 in assistance.

Applications are open through April 26 for property damage and until Nov. 23 for economic injury. 

The Cameron Peak Fire resulted in a market loss of more than $6 million as officials determined 469 properties were impacted by the state’s largest wildfire on record.

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There were 243 structures totally destroyed by the fire with an assessed value of $472,533.

Anyone interested can apply online at disasterloanassistance.sb.gov, call 1-800-659-2955, or email disastercustomerservice@sba.gov for more information about the disaster assistance.