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Presidential Declaration of a Major Disaster for the State of New Mexico

89 Fed. Reg. 88851 (Nov. 8, 2024)

Presidential Declaration of a Major Disaster for the State of New Mexico

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Federal RegisterNov 8, 2024
89 Fed. Reg. 88851 (Nov. 8, 2024)
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    Small Business Administration
  • [Disaster Declaration #20811 and #20812; NEW MEXICO Disaster Number NM-20009]

    • AGENCY:

    U.S. Small Business Administration.

    ACTION:

    Notice.

    SUMMARY:

    This is a Notice of the Presidential declaration of a major disaster for the State of New Mexico (FEMA-4843-DR), dated November 1, 2024.

    Incident: Severe Storm and Flooding.

    DATES:

    Issued on November 1, 2024.

    Incident Period: October 19, 2024 through October 20, 2024.

    Physical Loan Application Deadline Date: December 31, 2024.

    Economic Injury (EIDL) Loan Application Deadline Date: August 1, 2025.

    ADDRESSES:

    Visit the MySBA Loan Portal at https://lending.sba.gov to apply for a disaster assistance loan.

    FOR FURTHER INFORMATION CONTACT:

    Vanessa Morgan, Office of Disaster Recovery & Resilience, U.S. Small Business Administration, 409 3rd Street SW, Suite 6050, Washington, DC 20416, (202) 205-6734.

    SUPPLEMENTARY INFORMATION:

    Notice is hereby given that as a result of the President's major disaster declaration on November 1, 2024, applications for disaster loans may be submitted online using the MySBA Loan Portal https://lending.sba.gov or other locally announced locations. Please contact the SBA disaster assistance customer service center by email at disastercustomerservice@sba.gov or by phone at 1-800-659-2955 for further assistance.

    The following areas have been determined to be adversely affected by the disaster:

    Primary County (Physical Damage and Economic Injury Loans): Chaves.

    Contiguous Counties (Economic Injury Loans Only):

    New Mexico: De Baca, Eddy, Lea, Lincoln, Otero, Roosevelt

    The Interest Rates are:

      Percent
    For Physical Damage:
    Homeowners with Credit Available Elsewhere 5.625
    Homeowners without Credit Available Elsewhere 2.813
    Businesses with Credit Available Elsewhere 8.000
    Businesses without Credit Available Elsewhere 4.000
    Non-Profit Organizations with Credit Available Elsewhere 3.250
    Non-Profit Organizations without Credit Available Elsewhere 3.250
    For Economic Injury:
    Business and Small Agricultural Cooperatives without Credit Available Elsewhere 4.000
    Non-Profit Organizations without Credit Available Elsewhere 3.250