SBA Declares Hennepin Co. A Disaster Area

View Comments
(credit: CBS)

(credit: CBS)

MINNEAPOLIS (AP) — More help is on the way for people recovering from the tornado that hit Minneapolis in May. This time it’s low-interest loans due to a disaster declaration from the U.S. Small Business Administration.

The state government announced the SBA granted on Thursday Gov. Mark Dayton’s request for a disaster declaration for Hennepin County.

The move makes available low-interest loans to residents, homeowners, businesses and not-for-profit organizations in Hennepin, Anoka, Carver, Dakota, Ramsey, Scott, Sherburne and Wright counties.

The SBA provides the loans for physical and economic damage caused by a declared disaster. People may be eligible for financial assistance from the SBA even if they don’t own a business.

The May 22 tornado developed with little warning and roared over 14 miles, from Golden Valley to Blaine.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus

Get every new post delivered to your Inbox.

Join 4,317 other followers