Business recovery centers have opened in Washington and Waukesha counties to assist those affected by last month’s historic floods, offering low-interest loans through the Small Business Administration.
Business recovery centers have opened in Washington and Waukesha counties to assist those affected by last month’s historic floods, offering low-interest loans through the Small Business Administration.
Business recovery centers have opened in Washington and Waukesha counties to assist those affected by last month’s historic floods, offering low-interest loans through the Small Business Administration.
Business recovery centers are now open in Washington and Waukesha counties to assist businesses, private nonprofits, and residents impacted by last month’s historic floods, with the Small Business Administration offering low-interest loans to flood victims.
The center in Waukesha County opened Monday. The one in Washington County opened Friday.
The Small Business Administration is taking applications for physical damages, allowing business owners to receive up to $2 million for damage to property like machinery or inventory.
Homeowners and renters can receive up to $500,000 for damage to clothing, furniture, or cars. In addition to physical damages, business owners can apply for an economic injury loan, which covers costs a business would have been able to cover if a disaster didn’t happen.
The Small Business Administration is encouraging people to apply sooner rather than later.
“So for everybody that thinks that, oh, my credit hit credit score is not that good, or we invite people to apply,” a representative said. “They shouldn’t worry about the credit score per se. We do understand that people go through– through different situations in their lives. And we really, really encourage people to come seek help.”
There are two different loan application deadlines. For those applying for the physical damage loan, the application is due by Nov. 10. The deadline for the economic injury loan is June of next year.
To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at 1-800-659-2955 or email disastercustomerservice@sba.gov.
There are also two recovery centers open in Milwaukee County — at the former McNair School in Milwaukee and at Wauwatosa City Hall.
As of Monday morning, FEMA, has given out ore than $36 million in flood aid to more than 5,100 households.
People can apply for FEMA assistance online at here or by calling 1-800-621-3362.
The deadline to apply for that is Nov. 12.
Top Headlines
WATCH ‘$500 Bounty 2 Coyotes’: Roadside sign turning heads in Milwaukee
Hearst Television participates in various affiliate marketing programs, which means we may get paid commissions on editorially chosen products purchased through our links to retailer sites.
Business recovery centers open in Washington, Waukesha counties to support flood victims – WISN
