Low-Interest Loans Approved for Flood Damage

POSTED: Monday, July 30, 2012 --- 12:50 p.m.

MADISON, Wis. (AP) -- Federal low-interest loans for people and businesses that suffered damage during last month's flooding in northwest Wisconsin have been approved.

Gov. Scott Walker announced Monday that the U.S. Small Business Administration approved the assistance for Douglas, Bayfield, Burnett, Sawyer and Washburn counties.

Low-interest loans are available to homeowners, renters and business owners to repair or replace damaged property.

In June, a storm dumped 8 to 10 inches of rain over Douglas County, causing flash flooding that damaged homes and businesses.

Disaster assessment teams reported more than 25 homes and businesses sustained significant damage and uninsured losses of more than 40 percent.

The deadline to apply for the loans is Sept. 25..

AP-WF-07-30-12 1740GMT

Copyright 2012: Associated Press

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
NBC15 615 Forward Drive Madison, Wisconsin 53711 Business: 608-274-1515 Newsroom: 608-274-1500
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 164288126 - nbc15.com/a?a=164288126
Gray Television, Inc.