State urges flood victims to apply for loans as deadline draws near

An October 15th deadline looms for people who suffered property damage in June's floods to apply to the Small Business Administration for help. So far fewer than 300 people have applied. Even a rejected application is important: getting turned down by the federal agency is a step toward qualifying for state aid.
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More than 1,000 homes and businesses were damaged by the June flood that swamped Duluth and other parts of northeastern Minnesota. But fewer than 300 applications for help have come in to the Small Business Administration. Lieutenant Governor Yvonne Prettner Solon came to Duluth to kick off the state's new "Flood Homes with Hope" campaign.

As MPR notes, even a rejection from the SBA is important because it could start the process of qualifying for state aid.

The SBA home page for Minnesota's June floods includes a link to an application for aid.

At the state level, Minnesota Recovers maintains a page with links to various types of state aid applications.

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Deadline approaches for Duluth flood recovery assistance

Only about 100 more applications are needed to get $3 million in federal loans for residents suffering from flood damage in the Duluth area. For every 100 homeowners that apply for assistance, $1.4 million is awarded from the U.S. Small Business Administration. The deadline for low-interest recovery loans is October 15th.

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.

Grant to assist Duluth flood victims

A new $500,000 grant is coming to the Duluth area to help residents still struggling to recover from damage from the June flood. The Duluth News Tribune reports the money comes from the Margaret A. Cargill Foundation of Eden Prairie, Minn