SBA loans approved for Aspen Acres Fire recovery

Disaster loans approved

The Small Business Administration has approved disaster loans for recovery from the Aspen Acres Fire in Pueblo and Custer counties.

The approval applies to the fire recovery effort in the two counties. It establishes a federal disaster-loan option for the affected area.

What the approval means

The announcement identifies the Small Business Administration as the agency approving the loans. It does not state the total amount approved, the terms of the loans, who may apply or when applications are due.

Those details will determine how people and organizations affected by the fire can use the program. Applicants should rely on SBA instructions for eligibility, applications and deadlines.

Recovery process

The loan approval is one part of the recovery process following the Aspen Acres Fire. Pueblo and Custer counties are both named in the approval.

Further attention will focus on how the SBA application process is opened and what documentation applicants must provide. The approval itself does not establish a recovery timeline or identify individual loan recipients.