SBA Loans Available in Minnesota for Nonprofits Affected by Recent Bad Weather
(KNSI) – The Small Business Administration is making loans available to private nonprofits in 23 Minnesota counties affected by severe weather last spring.
Stearns County is among those receiving funding under a federal disaster declaration from the Federal Emergency Management Agency after tornadoes, flooding and storms in early May.
County officials say they are obtain calls from residents asking financial help with storm damage to their private properties. Public assistance money from FEMA is not available for personal property, but rather used by government entities to restore a community after a disaster. Dollars are used for the repair or replacement of public or certain eligible non-profit facilities or infrastructure damaged or destroyed by a disaster. Private residents whose properties have been affected should contact their insurance companies to file a claim for damage or loss.
Click here understand and learn the differences between individual assistance to private residents and public assistance to associations.
On Sunday, May 8, thunderstorms generated winds in excess of 60 miles per hour that swept through Stearns and Morrison counties, downing trees and power lines. The next day, May 9, tornadoes touched down. They ranged from an EF0 tornado near Hastings to a cluster of five tornadoes – one with winds exceeding 110 miles per hour – in central Minnesota causing extensive damage. On May 12 and 13, the southern two-thirds of the state experienced severe and dangerous storms, and at least six tornadoes were confirmed in west-central Minnesota.
Damage is estimated at nearly $11 million.
The governor also asked for help with two other weather-related events in recent weeks, including a disaster declaration request for federal aid for ongoing flooding in northwestern Minnesota and an extension. of the delay in seeking help for a Memorial Day tornado outbreak that caused significant damage in more than 20 counties to conduct damage assessments.
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