Assistance Available To Local Residents & Businesses Affected By Flooding
April 1, 2018
A request from Governor Rick Snyder to the U.S. Small Business Administration has led to financial assistance for local residents and businesses affected by recent flooding.
The U.S. Small Business Administration has approved a disaster declaration for four Michigan counties affected by severe flooding in February. Governor Snyder announced Friday that the declaration covers Arenac, Berrien, Ingham, and Kalamazoo counties, along with neighboring counties including Livingston.
Residents and businesses that sustained un-insured, flood-related losses of 40% or more are eligible to apply for low-interest loans. The money could be used to repair or replace real estate, personal property, machinery and equipment and business assets that were damaged or destroyed. Additional information is available at www.sba.gov. (JM)