JACKSON, Wyo. — The U.S. Small Business Administration (SBA), a government agency, has announced the creation of a virtual business recovery center to assist businesses in Idaho and Wyoming impacted 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 disaster loan program. The virtual business recovery center is a resource for those businesses, available to answer questions about the loan program and assist businesses with their applications.
The SBA is offering Economic Injury Disaster Loans of up to $2 million. Loan repayment and interest accrual begin 12 months after the first disbursement date. 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 an economic injury disaster loan related to the Pass is April 14, 2025.
Contact the center at FOCWAssistance@sba.gov or (916) 735-1501 from 8 a.m. to 4:30 p.m. (Pacific Daylight Time) weekdays. Find applications and more information at SBA.gov/disaster.
According to the SBA, the Idaho Small Business Development Center is also ready to help businesses apply for assistance and plan for the future after the Pass crisis.
