To assist Minnesota and Wisconsin residents and small business owners who were devastated by the late September 2010 floods, the U.S. Small Business Administration (SBA) is providing more than $1 million in Disaster Assistance Loans. So far, 22 disaster loans totaling more than $1,160,000 have been approved.
The deadline for Minnesota and Wisconsin residents and small business owners to apply for an SBA disaster loan is December 14, 2010, and anyone in need of assistance is encouraged to apply soon. Disaster loans through the SBA have low interest rates and help cover physical losses as a result of a disaster, such as wet documents. Individuals may also use the funds from a loan to help pay for protective measures that would help prevent future damages. Some small businesses and nonprofit organizations may use the loan to help recuperate lost or unmet capital needs; the deadline for loans to help cover economic damages is July 15, 2011. Learn more about the SBA’s Disaster Loan Programs.
Professional disaster recovery services can assist you when your business or home experiences a disaster such as water damage, wet books and mold.