Dayton asks SBA to offer loans to flooding victims

  • Article by: Associated Press
  • Updated: August 15, 2012 - 9:10 PM

Gov. Mark Dayton is asking the U.S. Small Business Administration (SBA) to declare parts of northeastern Minnesota a disaster area because of storms and flooding in June.

Dayton sent a letter to the SBA this week requesting a declaration for Carlton, Pine and St. Louis counties and the Fond du Lac Band of Lake Superior Chippewa.

While President Obama declared a major disaster for the area in July, Dayton noted that the Federal Emergency Management Agency (FEMA) denied his request for federal individual assistance. FEMA upheld that denial last week.

Dayton says at least 25 homes or businesses sustained uninsured losses of 40 percent or more. He's asking that SBA disaster loans also be offered to eligible individuals and businesses.

ASSOCIATED PRESS

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