The U.S. Small Business Administration (SBA) has approved Governor Rick Snyder’s request for a disaster declaration for the Michigan counties of Arenac, Berrien, Ingham and Kalamazoo. The declaration allows residents and businesses affected by severe flooding in February to apply for financial assistance from the SBA.
Loans of up to $2,000,000 are available to businesses for the repair or replacement of real estate, inventories, machinery, equipment or other physical losses. Home loans are available up to $200,000 for the repair of replacement of real estate and up to $40,000 to replace personal property. Economic Injury Disaster Loans are also available for alleviating economic injuries caused by the disaster. Complete details about SBA Disaster Loan Assistance can be found on the SBA website here.
The SBA will open a Disaster Loan Outreach Center (DLOC) on Tuesday, April 3 at the Kalamazoo County Expo Center (2900 Lake Street) to provide assistance. The DLOC will be open be open Monday – Friday 8:00 a.m. – 5:00 p.m. with the following exceptions:
- Tuesday, April 3, 10:00 a.m. – 5:00 p.m. (opening day)
- Saturday, April 7, 10:00 a.m. – 2:00 p.m.
- Tuesday, April 10, 8:00 a.m. – 3:30 p.m. (closing day)