Tip Line: 414-777-5808 | newsdesk@cbs58.com

Small Business Administration approves request for loans for flooding victims

Governor Scott Walker has announced that the U.S. Small Business Administration has approved his request for federal low-interest disaster loans for individuals and businesses affected by flooding of the Fox River in southeastern Wisconsin last month. The SBA will open disaster loan outreach centers to help flood victims and businesses obtain information and apply for assistance.

“We know many victims are struggling to recover from devastating floods last month,” Governor Walker said. “We’re thrilled the SBA heard our request and is able to provide families and businesses in Wisconsin with low-interest loans to help them get back on their feet.”

The SBA declared Kenosha, Racine, and Walworth counties, along with the contiguous counties of Jefferson, Milwaukee, Rock, and Waukesha, eligible for disaster assistance. Homeowners are eligible for assistance in the form of low-interest loans of up to $200,000 to repair or replace damaged or destroyed homes. Homeowners and renters are also for up to $40,000 to repair or replace damaged or destroyed personal property. Low-interest loans of up to $2 million are available to Wisconsin businesses for physical damage and economic loss because of the flooding.

More than eight inches of rain fell overnight on July 11 in southeast Wisconsin, causing widespread flooding and setting flood records along the Fox River. Thousands of homes and businesses were impacted, but there were no serious injuries.

The SBA Disaster Loan Outreach Centers will be opening at the following locations:

Kenosha County – Opening Tuesday, August 22 at 10:00 AM
Kenosha County Center
19600 75th Street
Bristol, WI 53104

Racine County – Opening Tuesday, August 22 at 10:00 AM
Western Racine County Service Center
Eppers Room
209 North Main Street
Burlington, WI 53105

Walworth County – Opening Tuesday, August 22 at 10:00 AM
Walworth County Sheriff’s Office
1770 County Road NN
Elkhorn, WI 53121

Share this article: