News Flash Home
The original item was published from 8/16/2017 5:01:02 PM to 8/17/2018 12:00:11 AM.

News Flash

News Releases

Posted on: August 16, 2017

[ARCHIVED] Over $1 Million in SBA Disaster Aid Approved in Michigan

August 16, 2017 - More than $1 million in low-interest disaster loans have been approved by the U. S. Small Business Administration (SBA) for survivors with losses resulting from severe storms and flooding on June 22-27, 2017 in Michigan.

“Currently, 46 disaster loans have been approved in the amount of $1,306,200.00 for affected survivors.  The SBA encourages anyone who has not applied to take action right away.  Our mission is to help businesses and residents rebuild and resume their normal lives as quickly as possible,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta.

The disaster declaration covers the counties of Bay, Gladwin, Isabella, Midland and the Saginaw Chippewa Tribe within Isabella County in Michigan, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA.  Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans: Arenac, Clare, Gratiot, Mecosta, Montcalm, Ogemaw, Osceola, Roscommon, Saginaw and Tuscola in Michigan.

SBA disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters to cover uninsured losses from the disaster.  Interest rates are as low as 3.215 percent for businesses, 2.5 percent for private nonprofit organizations, and 1.938 percent for homeowners and renters.  Loan terms can be up to 30 years.

To be considered for all forms of disaster assistance, applicants should register online at www.DisasterAssistance.gov or by mobile device at m.fema.gov.  If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use
711-Relay or Video Relay Services should call 800-621-3362.

The SBA offers several ways to apply for a disaster loan: online application via SBA’s secure website at https://disasterloan.sba.gov/ela; visit a recovery center for one-on-one assistance; or download an application from www.sba.gov/disaster.  For information or to request application forms, call the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or send an email to disastercustomerservice@sba.gov. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155

The filing deadline to submit applications for physical property damage is Oct. 2, 2017. The deadline for economic injury applications is May 2, 2018.

Facebook Twitter Email

Other News in News Releases

Winter 2023 Tax Bills Mailing in December

Posted on: November 17, 2023

Reminders of City Parking Rules

Posted on: November 9, 2023

City to Recognize Beautification Efforts

Posted on: October 27, 2023

DPS Reminds You to Shake Your Mailbox

Posted on: October 13, 2023

Spray Parks to Close for the Season

Posted on: September 28, 2023

Pedestrian Plazas Close for the 2023 Season

Posted on: September 28, 2023

Help Keep Waterways Clean This Fall

Posted on: September 22, 2023

Remove Decorations from Midland Cemetery

Posted on: September 15, 2023

Winter 2022 Tax Payments Due Soon

Posted on: January 20, 2023

Taglauer Named Code Official of the Year

Posted on: October 21, 2022

Reminders of City Signage Ordinance

Posted on: October 7, 2022

City Promotes John Jurek to Fire Marshal

Posted on: September 2, 2022

Lacey Todd Promoted to City Clerk

Posted on: April 8, 2022

MPD Awarded Grant for 3D Scene Scanner

Posted on: January 7, 2022