Holiday Farm Fire burns iconic Christmas Treasures in Blue River
Patrick Dibala, owner of Christmas Treasures in Blue River, talks about losing his iconic store to the Holiday Farm Fire.
The U.S. Small Business Administration has extended its deadline for businesses impacted by the Oregon wildfires to apply for disaster loans.
Now Oregon businesses in the eight counties affected by wildfires, including Lane County, have until the end of the month to file. Counties eligible to apply are Lane, Clackamas, Douglas, Jackson, Klamath, Lincoln, Linn and Marion.
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The business administration has two types of business disaster loans available: physical disaster loans and economic injury loans, according to a news release from the administration.
Physical disaster loans are used for businesses to repair or replace damaged property “including real estate, inventories, supplies, machinery and equipment,” the release stated. Businesses of any size are eligible to apply for the physical disaster loans, including private and nonprofit organizations. Businesses in Lane County and seven other counties can apply for disaster loans for physical damage through Nov. 30.
Economic injury loans are for small businesses that can’t meet their financial obligations because of the wildfires. Applications for economic injury loans will be accepted until June 15, 2021.
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To apply, business owners need to have an acceptable credit history, show an ability to repay all loans and collateral for loans more than $25,000. More information and applications can be found online at disasterloanassistance.sba.gov.