MADISON (WKOW) -- Governor Scott Walker announces victims of last month's storms will get disaster assistance.
Walker announced Tuesday the U.S. Small Business Administration (SBA) approved his request for federal low-interest disaster loans for individuals and businesses impacted by tornadoes and storms which hit Grant County and the surrounding area last month.
“Cleanup continues from the devastating June storms and tornadoes that hit Grant County and other areas in southwest Wisconsin,” Governor Walker said. “Low-interest loans from the SBA will provide critical assistance to some homeowners and businesses trying to recover from the damage."
Grant, Crawford, Iowa, Lafayette, and Richland counties are all included in the declaration.
Under the SBA declaration, loans up to $200,000 will be available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property. Businesses and non-profit organizations of any size may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website. Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 1-800-659-2955 or by sending an email.
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