Small Business Administration
A Republican state senator faced with more than $900,000 in debt has filed for bankruptcy. Sen. Sean Nienow, of Cambridge, and his wife, Cynthia, filed for Chapter 7 bankruptcy last month, according to court records. The Nienows will sell off their nonessential assets, putting the money toward about $931,000 in debts.
A state senator who’s accused of failing to repay a Small Business Administration loan says the case is not related to his legislative duties.
Optimism that the NHL lockout could soon be over has been replaced by more disappointment in St. Paul.
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.
Victims of the tornado that roared through north Minneapolis in May will be able to apply for low-interest loans through a new Disaster Loan Outreach Center opening on the north side on Tuesday.
Gov. Mark Dayton is requesting a disaster declaration from the Small Business Administration for Hennepin County for damage done by a tornado that hit the area May 22.