WCCO EYE4 LOGO WCCO Radio wcco-eye-green01, ww color green

Politics

SBA Offers Low-Interest Loans After Minn. Floods

View Comments
Northland Flooding

(credit: CBS)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. Coach Of The Week: Gary Sloan Of Grand Meadow
  2. Leo Lewis Taking His Football Knowledge To Mpls. North
  3. Warrant Issued For Adrian Peterson’s Arrest
  4. Good Questions: Chip Bags, Mushrooms
  5. Mike's Mix: ‘The Kingfield' From Five Watt Coffee

ST. PAUL, Minn. (AP) — The U.S. Small Business Administration has granted a disaster declaration for three Minnesota counties and an Indian reservation that will give home- and business-owners who lost property in June’s floods access to low interest loans.

The declaration issued Friday covers Carlton, Pine and St. Louis counties and the Fond du Lac Band of Lake Superior Chippewa. Residents in the surrounding counties of Aitkin, Chisago, Isanti, Koochiching and Lake, and Burnett and Douglas counties in Wisconsin, may also apply for the loans.

Gov. Mark Dayton requested the SBA disaster declaration after FEMA denied Minnesota’s appeal for individual disaster assistance.

Homeowners can apply for loans up to $200,000. Businesses and nonprofits can borrow up to $2 million.

More information can be found on the SBA’s website.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,855 other followers