Skip to main content

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.
  • Author:
  • Updated:
    Original:

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.

Next Up

Redtail Ridge Elementary

Sunbather on the roof triggers shelter-in-place at Savage elementary school

The sunbather told police he was trying to "tan and relax."

Nero

The Raptor Center's ambassador, Nero the turkey vulture, dies at 47

Nero helped save the California condors before taking up his post as an education ambassador.

Ben Leber

Ben Leber named new permanent co-host of 'Twin Cities Live'

The former Minnesota Vikings linebacker was introduced Friday afternoon.

MPR

APM Reports, maker of 'In the Dark' podcast, nixed by Minnesota Public Radio

MPR said "select programming elements" of APM Reports will be incorporated into MPR News.

storm, severe

The latest on holiday weekend severe weather chances for MN

The most significant severe threats are Sunday night and again on Monday.

Arianna Vos

Charges: Driver was drunk, high in head-on crash that killed 19-year-old woman

The young woman killed in the crash was a college student studying zoology.

motorcycle

Motorcyclist killed in Ham Lake after passing in the turn lane

The motorcyclist was hit by a car turning onto the road.

Keith Ellison

Minnesota gets cut of Ford settlement over misleading ads

The $19.2 million settlement centers on Ford's C-Max hybrid and Super Duty pickup truck.

Related

Feds reject individual flooding aid in NE Minn.

A request for federal individual assistance for Northeastern Minnesota has been denied. W. Craig Engate, administrator of the Federal Emergency Management Agency, told Gov. Mark Dayton in a letter that damage to dwellings from the flooding that began June 19 “was not of such severity and magnitude as to warrant the implementation of individual assistance.” The state has 30 days to appeal the decision. Gov. Mark Dayton "is very disappointed."

Dayton will appeal FEMA decision rejecting individual flood aid

Governor Dayton ordered state officials to begin preparing an appeal after learning that FEMA has denied federal aid to individual victims of last month's flooding. The agency is providing money for 13 counties to rebuild roads and make other repairs. But money for individual homeowners and businesses was denied.

Dayton asks for low-interest loans in wake of FEMA aid denial

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.

Duluth scrambles to fix flood-ravaged streets

It's been four months since flooding devastated the streets of Duluth, and now winter is closing in fast. Street crews are racing to get as much work done as they can before snow and ice burrow into holes and makes them even bigger, forcing repair costs higher, WDIO reports.

FEMA says no to Dayton's appeal for individual flood assistance

The Federal Emergency Management Agency denied an appeal Friday from Gov. Mark Dayton for aid for individuals and businesses affected by floods in northeastern Minnesota in June. Dayton said he was "disappointed" by FEMA's ruling and that he'll ask the state legislature for an estimated $7.4 million in assistance in an upcoming special session.

Feds approve disaster aid for NE Minnesota flood damage

The disaster declaration for 13 Minnesota counties and three tribal nations devastated by flooding in northeastern Minnesota last month was approved Friday by the federal government. The $108 million in aid only covers damage to public infrastructure.

Dayton officially appeals FEMA's denial of individual flood assistance

Gov. Mark Dayton sent a letter to the Federal Emergency Management Agency Wednesday appealing the government's decision to deny financial assistance to individuals in the wake of the northeastern Minnesota floods in June. Dayton wrote in the letter to FEMA that the rain and floods in the area caused "one of the worst natural disasters in Minnesota’s history."