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Feds offer low-interest SBA loans to flood victims

The U.S. Small Business Administration has announced it is making low-interest disaster loans available to help flood victims – including homeowners – make repairs and replace damaged property, WDIO reports. FEMA has denied Minnesota's request for individual disaster aid, although the state is appealing. The SBA loans create another option for people, officials say.
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The U.S. Small Business Administration has announced it is making low-interest disaster loans available to help flood victims – including homeowners – make repairs and replace damaged property, WDIO reports. FEMA has denied Minnesota's request for individual disaster aid, although the state is appealing. The SBA loans create another option for people, officials say.

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Following the denial of appeal for aid from the Federal Emergency Management Agency to repair home and business with flood and other June storm damage, Gov. Mark Dayton has moved on to asking for loans from the Small Business Administration. Dayton is seeking loans to repair damage done in St. Louis, Carlton and Pine and adjoining counties, and the Fond du Lac Band of Lake Superior Chippewa.

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