Small Business Administration offering loans to reapir flooded homes, businesses

Posted at 5:57 PM, Aug 18, 2017
and last updated 2017-08-18 18:57:04-04

The U.S. Small Business Administration will be offering low-interest disaster loans to families whose homes were destroyed in the floods in SE Wisconsin last month.

Gov. Scott Walker made the announcement in a news release Friday, and said the loans will be available for both homes and businesses. The SBA is expected to open outreach centers for residents to get applications and ask questions about the loans.

All of Kenosha, Racine and Walworth Counties are eligible, as well as parts of Jefferson, Milwaukee, Rock and Waukesha Counties.

The loans are available up to $200,000 for home repair or $40,000 for property repair. Loans of up to $2 million are available for businesses.

The announcement comes days after residents found out they would not be getting any federal money from FEMA.

The outreach centers locations and hours are as follows:

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

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

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