August 16, 2022

Rocky Daily News

Colorado Politics-Sports-Business-Weather

Family denied loan to rebuild after Marshall Fire

1 min read


The Wyss family said they closed on an SBA loan in January, and then months later the agency told them they didn’t qualify anymore.

BOULDER, Colo. — Many families who lost a home in the Marshall Fire applied for a loan to help them rebuild. The Small Business Administration (SBA) approved more than $90 million for homeowners. Now months after the fire, some of those survivors are surprised to find out they can’t get that money right now even after closing on those loans. 

In January, Wendy Wyss said she and her husband felt some hope after the federal government in January approved a $200,000 loan for her family to rebuild. That hopeful feeling went away last week. 

2022-04-04 22:02:34

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