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SBA Disaster Loans Available in Michigan Following Secretary of Agriculture Disaster Declaration

The U.S. Small Business Administration announces today that federal disaster loans are available to small businesses located in the State of Michigan as a result of several frost and freeze events that occurred April 4 through June 13, 2007.

Small businesses in the following counties are eligible to apply for these loans: Alger, Allegan, Alpena, Antrim, Baraga, Barry, Benzie, Berrien, Branch, Calhoun, Cass, Charlevoix, Cheboygan, Clinton, Crawford, Delta, Dickinson, Eaton, Emmet, Grand Traverse, Gratiot, Hillsdale, Ingham, Ionia, Iron, Isabella, Jackson, Kalamazoo, Kalkaska, Kent, Lake, Leelanau, Lenawee, Livingston, Luce, Mackinac, Manistee, Marquette, Mason, Mecosta, Menominee, Midland, Missaukee, Montcalm, Montmorency, Muskegon, Newaygo, Oceana, Osceola, Oscoda, Otsego, Ottawa, Presque Isle, Roscommon, Saginaw, Shiawassee, St.


Fed grants $675,000 in post-fire loans

The U.S. Small Business Administration has informed the Sun Valley-Ketchum Chamber & Visitors Bureau that 16 local businesses have been approved for $675,000 worth of Economic Injury Disaster Loans.

The loans were made possible following the Castle Rock Fire, which began Aug. 16 along Warm Springs Creek and then inundated the Wood River Valley with smoke, firefighters and trepidation for about three weeks during one of the area's biggest tourism seasons. The low-interest loan program is intended to address the financial hardship businesses face due to the loss of tourism.

The Small Business Administration closed the doors of its post-Castle Rock Fire office in Hailey Sept. 20, but will accept loan applications from businesses impacted by the fire through June 11, 2008.


Federal disaster loans available to area businesses

Federal disaster loans are available to small businesses throughout south central Michigan as a result of several frost and freeze events that occurred April 4 through June 13 this year.

Under this declaration, SBA�s Economic Injury Disaster Loan program is available to farm-related and nonfarm-related small business concerns and small agricultural cooperatives that suffered financial losses as a direct result of this disaster. Farmers and ranchers are not eligible to apply to the SBA.

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SBA disaster loans available

ATLANTA � Federal disaster loans are available to small businesses in the Commonwealth of Virginia as a result of drought that has continued since May 15.

SBA's Economic Injury Disaster Loan program is available to farm-related and nonfarm-related small business concerns and small agricultural cooperatives that suffered financial losses as a direct result of this disaster.

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