abc
QUICK LINKS:

Federal Disaster Loans Available for Iron Co. Small Businesses

Created: 02/06/2014 2:20 PM WDIO.com

MILWAUKEE (AP) - Federal loans are available to small businesses in Iron and Vilas counties that struggled due to excessive rain and cold temperatures last April.

The loans are from the U.S. Small Business Administration.

Those eligible include businesses, small agricultural cooperatives, small businesses involved in aquaculture and nonprofit organizations of all sizes.

Those counties are eligible because they're adjacent to Michigan counties that were especially hard-hit.

The agency notes that disasters don't necessarily stop at county lines, so counties that neighbor affected counties are also eligible for relief.

Those who qualify can get disaster loans up to $2 million with interest rates ranging from 2.875 percent to 4 percent.

The money can be used to pay bills that otherwise could have been paid, but the loans aren't intended to replace lost profits.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Front Page

  • Metrodome Demolition Reaches Completion Early

    Project leaders for the new Minnesota Vikings stadium says the demolition of the team's old home was formally completed Thursday. The final remnants were being trucked away a month ahead of schedule.

  • Minnesota Labor Force Surpasses 3 Million

    The Department of Employment and Economic Development says 2,600 jobs were added last month. It left the unemployment rate unchanged from February at 4.8 percent.

  • Some Northlanders Embrace April Snow Calling It 'Fun'

    While this spring snowstorm has many people begging for warmer weather, believe it or not, some people aren't sick of it. We caught up with a few people embracing our April snow.

  • Pine County Abuse Charges Have Other Survivors Speaking Out

    The Survivors Network of Those Abused by Priests said neighbors in Pine County could have done more to help victims of sexual assault. Victor Barnard, the former leader of a Finlayson religious group, is charged with almost 60 crimes. He allegedly abused girls who were in what he called a "maidens group."

  • Body of Duluth Woman Missing Since July Found

    Duluth Police say the decomposed body found Tuesday in the Lincoln Park neighborhood is likely that of a woman who had been missing since last summer. Dale Elizabeth Gerard, 74, was last seen getting off a bus about five blocks away from where the body was found.

 

Winter Storm Warning

MN AREAS AFFECTED: Northern Cook, Northern Lake; Southern Cook, North Shore
Expires: 4/17/2014 12:00 PM

Flood Warning

MN AREAS AFFECTED: Aitkin; Crow Wing
Expires: 4/19/2014 1:00 PM

Winter Storm Warning

MI AREAS AFFECTED: Gogebic; Ontonagon
Expires: 4/17/2014 2:00 PM

Advertisement
Advertisement
Advertisement
Advertisement