JACKSON, Wyo. — The U.S. Small Business Administration (SBA), a government agency, has announced the creation of a virtual business recovery center to help Idaho and Wyoming businesses affected by the Teton Pass closure.
Businesses in Teton County, WY, and Bonneville, Fremont, Madison and Teton counties in Idaho are eligible to apply for the SBA’s disaster loan program. The virtual business recovery center is a resource for those businesses, available to answer questions about the loan program and to assist businesses with their applications.
The SBA offers Economic Injury Disaster Loans of up to $2 million. Loan repayments and interest accrual begin 12 months after the date of the first disbursement. Interest rates can be as low as 4% for businesses and 3.25% for nonprofits, with terms up to 30 years, according to the agency. The deadline to apply for economic injury disaster loans related to the Pass is April 14, 2025.
Reach the center at FOCWAssistance@sba.gov or (916) 735-1501 from 8 a.m to 4:30 p.m. (Pacific Daylight Time) on business days. Find applications and further information at SBA.gov/disaster.
According to the SBA, the Idaho Small Business Development Center is also ready to help businesses apply for relief and plan for the future following the Pass crisis.
