Over $1M in SBA disaster loans approved in Minnesota
Published 9:35 am Thursday, December 29, 2016
The U.S. Small Business Administration has currently approved more than $1 million in low-interest disaster loans for businesses and residents in Minnesota affected by severe storms and flooding from Sept. 21 through Sept. 24.
“Currently, 58 disaster loans have been approved in the amount of $1,338,300 for affected survivors,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta.
“We are pleased to get these loans approved so residents in the disaster area can start to rebuild and resume their normal lives,” Skaggs said. “I encourage anyone who has not submitted an SBA disaster loan application to do so as quickly as possible.”
The disaster declaration covers Blue Earth, Freeborn, Hennepin, Le Sueur, Rice, Steele and Waseca Counties which are eligible for both physical and economic injury disaster loans from the SBA.
Small businesses and most private non-profit organizations in the following adjacentcounties are eligible to apply only for SBA Economic Injury Disaster Loans: Anoka, Brown, Carver, Dakota, Dodge, Faribault, Goodhue, Martin, Mower, Nicollet, Ramsey, Scott, Sherburne, Sibley, Watonwan and Wright; Winnebago and Worth in Iowa.
Survivors may apply online using the Electronic Loan Application via SBA’s secure website at https://disasterloan.sba.gov/ela.
To be considered for all forms of disaster assistance, applicants should register online at www.DisasterAssistance.gov or by mobile device at m.fema.gov. If online or mobile access is unavailable, applicants should call the FEMA toll-free Helpline at 800-621-3362. Those who use 711- Relay or Video Relay Services should call 800-621-3362. The toll-free telephone numbers will operate from 6 a.m. to 10 p.m. seven days a week until further notice.
Locations of Disaster Recovery Centers and information on the loan application process can be obtained the SBA Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an e-mail to disastercustomerservice@sba.gov.
The filing deadline to return applications for physical property damage is Jan. 30.
The deadline to return economic injury applications is Aug. 29.