SBA OKs disaster loans after Mich. Storm, floods - WNEM TV 5

SBA OKs disaster loans after Mich. Storm, floods

LANSING, Mich. (AP) - The U.S. Small Business Association says that residents and businesses in five Michigan counties hard hit by heavy rains and flooding in late July can get low-interest disaster loans.

The agency says the aid is for damage from the storms that hit July 28 and 29. It says the help follows an Aug. 23 request from Gov. Rick Snyder.

The SBA says the loans are available for those in Clinton, Eaton, Ingham, Jackson, Livingston and Shiawassee counties.

The agency says homeowners can borrow up to $200,000 to repair or replace damaged real estate and up to $40,000 for damaged personal property. Businesses and nonprofit groups can borrow up to $2 million.

Lansing Fire Station No. 4 is open through Friday for those interested in applying.

Online:

Loan applications: https://disasterloan.sba.gov/ela/

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly
WNEM
Powered by WorldNow CNN
All content © 2017, WNEM; Saginaw, MI. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.