***0 Disaster News***![](media/image1.png){width="1.5847222222222221in"
height="0.7277777777777777in"}

***Loans for Homeowners, Renters and Businesses of All Sizes***

SBA Disaster Assistance -- Field Operations Center- East - One Baltimore
Place, Suite 300 - Atlanta, GA 30308

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**Release Date:** August 27, 2007 **Contact:** Michael Lampton

**Release Number:** 07-644, WI 11004/11005 **Phones:** 404-347-3771

**SBA STANDS READY TO ASSIST VICTIMS**

**OF RECENT SEVERE STORMS AND FLOODING IN MINESOTA**

**ATLANTA** -- Following the announcement of the Presidential disaster
declaration in Minnesota covering several counties as a result of severe
storms and flooding; Administrator Steven Preston of the U. S. Small
Business Administration issued the following statement:

"We look forward to working with the State of Minnesota to make
low-interest federal disaster loans available to homeowners, renters and
businesses," said Administrator Preston. "We will be swift in our
efforts, along with our partners at the Federal Emergency Management
Agency, to help Minnesota disaster victims rebuild their homes and
businesses."

SBA's Customer Service Representatives will be on hand at the following
Disaster Recovery Centers to provide one-on-one assistance to disaster
loan applicants and answer questions about SBA's disaster loan program:

**[FEMA/SBA (Mobile) Disaster Recovery Centers]{.underline}**

**Opens: Monday, Aug. 27**

**Open: Monday from 3 p.m. to 8p.m.**

**Tuesday - Saturday from 9 a.m. to 7 p.m.**

**Sunday from 9 a.m. to Noon**

> **[Fillmore County]{.underline}** **[Winona County]{.underline}**
>
> **TRW West Automotive Building JC Penney Building**
>
> 901 Home Street Hwy 61 & Hwy 14
>
> Rushford, MN 55971 Winona, MN 55987
>
> **[Houston County]{.underline}**
>
> **Hokah Community Center**
>
> Highway 44 & Hwy 16
>
> Hokah, MN 55941

# The declared counties Fillmore, Houston, Olmsted, Steele, Wabasha and Winona and the contiguous counties of Dodge, Freeborn, Goodhue, Mower, Rice and Waseca in the State of Minnesota; contiguous counties of Allamakee, Howard and Winneshiek in the State of Iowa; and the contiguous counties of Buffalo, La Crosse, Pepin, Trempealeau and Vernon in the State of Wisconsin are only eligible to apply for SBA Economic Injury Disaster Loans (EIDLS). 

Disaster loans up to \$200,000 are available to homeowners to repair or
replace damaged or destroyed real estate. Homeowners and renters are
eligible up to \$40,000 to repair or replace damaged or destroyed
personal property.

Businesses of any size and private non-profit organizations may borrow
up to \$1.5 million to repair or replace damaged or destroyed real
estate, machinery and equipment, inventory, and other business assets.
SBA can also lend additional funds to help with the cost of making
improvements that protect, prevent or minimize the same type of disaster
damage from occurring in the future.

-more-

**Page 2**

**SBA STANDS READY TO ASSIST VICTIMS**

**OF RECENT SEVERE STORMS AND FLOODING IN MINNESOTA**

For small businesses only, SBA offers EIDLs to help meet working capital
needs caused by the disaster. EIDL assistance is available regardless of
whether the business suffered any physical property damage.

Interest rates can be as low as 3.125 percent for homeowners and renters
and 4.000 percent for businesses with terms up to 30 years. Loan amounts
and terms are set by SBA and are based upon each applicant's financial
condition.

To be considered for all forms of disaster assistance, victims must
first call the Federal Emergency Management Agency (FEMA) at
1-800-621-FEMA (3362). After the victims register with FEMA additional
information and application may be obtained by calling the SBA Customer
Service Center at 1-800-659-2955.

The filing deadline to return applications for physical property damage
is **[October 22, 2007]{.underline}**. The deadline to return economic
injury applications is **[May 23, 2008]{.underline}**.

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**For more information about the SBA's Disaster Loan Programs, visit our
web site at**
[*www.sba.gov/services/disasterassistance*](http://www.sba.gov/services/disasterassistance)