- Posted November 17, 2014
- Tweet This | Share on Facebook
Agency approves $61M disaster aid for Michigan
DETROIT (AP) - A federal agency has approved over $61 million in disaster assistance loans for Michigan businesses and residents affected by severe August flooding.
The U.S. Small Business Administration announced last Thursday it has approved roughly 2,900 disaster loans. Residents and businesses can apply for the loans until Nov. 24.
The SBA Michigan district director says the low-rate loans will help businesses and families recover from damages and losses. The agency offers loan rates as low as 4 percent for businesses, 2.6 percent for private nonprofits and 2.1 percent for individuals.
Macomb, Oakland and Wayne counties were hit hardest by the severe August storm and flooding. President Barack Obama signed a disaster declaration for Michigan in September upon Gov. Rick Snyder's request. The cost to repair the damage is estimated at more than $1.1 billion.
Published: Mon, Nov 17, 2014
headlines Oakland County
- Judge’s memorial unveiled
- Department of Justice indicts eight conspirators who threatened University of Michigan officials, businesses, and the Jewish Federation
- Michigan overdose death rate declines by 47 percent since 2021
- Nessel reminds residents to research home improvement offers
- Justice dept. encourages communities to apply for nearly $700m in grants to support law enforcement around the country
headlines National
- Bill Kurtis’ memoir tells how law school trained him for covering trials
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Justice Barrett’s home targeted in attempted swatting call
- Texting-and-driving charges dropped against woman without right hand
- Fender warns guitar makers to stop producing Stratocaster look-a-likes
- General counsel compensation climbs, aligned with equity and company scale
