MADISON, Wis. (AP) _ Low-interest loans will be available to individuals and businesses that suffered damaged following a string of tornadoes and heavy storms that hit the Grant County area last month.
Gov. Scott Walker announced Tuesday that the U.S. Small Business Administration approved his request for a disaster declaration covering Grant County and the contiguous counties of Crawford, Iowa, Lafayette, and Richland.
Under the disaster declaration, loans up to $200,000 will be available to homeowners to repair or replace damaged or destroyed property. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property.
Businesses and nonprofit organizations can borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.
MADISON, Wis. (AP) _ Gov. Scott Walker is asking for a disaster declaration for Grant County due to storm and tornado damage from last month.
Walker on Wednesday made the request to the U.S. Small Business Administration. If granted, low interest loans would be available to businesses and individuals affected by the storms.
In addition to Grant County, the contiguous counties of Crawford, Iowa, Lafayette, and Richland would also be eligible.
Damage came from a series of storms that hit the area on June 16. Walker's office said the SBA did an initial damage assessment and determined that more than 25 homes and businesses sustained significant damage and uninsured losses in excess of 40 percent in Grant County.
Walker's office says the damage was not enough to seek a Federal Emergency Management Agency declaration.