LANSING, Mich. (WILX) – 2020 continues to be a challenging season, to put it lightly. Michigan in particular has experienced it difficult, dealing with exactly the identical COVID-19 anxieties as everybody just to be struck by the current flood in Midland, developing a completely different degree of issues to the region.
Mercifully, once the dam broke there wasn’t one death as a outcome. While that’s great news it doesn’t signify that the dam breaking was consequence: Much of this region was ruined by floodwaters and the two houses and businesses in the area have felt the consequences.
Currently, the U.S. Small Business Administration (SBA) is encouraging companies of all sizes, private nonprofit organizations, tenants and homeowners to apply for a physical disaster loan prior to the Sept. 8, 2020 deadline. Additionally, thus far SBA has accepted 285 low-interest disaster loans totaling $21,245,300 for survivors in Michigan influenced by severe storms and flooding on May 16-22, 2020. Anyone in the counties in Michigan with damages resulting from the tragedy should apply for a physical disaster loan from the deadline.
The disaster declaration covers Arenac, Gladwin, Iosco, Midland, Saginaw counties in Michigan that qualify for both bodily and Economic Injury Disaster Loans from the SBA. Small companies and many private nonprofit organizations from the next adjoining counties are eligible to apply Just for SBA Economic Injury Disaster Loans: Alcona, Bay, Clare, Genesee, Gratiot, Isabella, Ogemaw, Oscoda, Roscommon, Shiawassee, Tuscola at Michigan.
Because of COVID-19 the SBA won’t set a field presence to help survivors, but the SBA will offer customer support and run outreach almost with webinars, skype calls, telephone assistance and step-by-step program aid. They’ve opened an electronic loan outreach centre at disasterloanassistance.sba.gov where you will find virtual customer care agents available to assist applicants with completing the online program.
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