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DISASTER NEWS

                                                                             Economic Injury Loans for Small Businesses

                                                                          SBA Disaster Assistance - Field Operations Center East - 101 Marietta Street, NW, Suite 700, Atlanta, GA  30303


Release Date:  Dec. 7, 2016                                                                               Contact:  Michael Lampton

Release Number: 17-220, WI 15006                                                            Email:  Michael.Lampton@sba.gov

                                                                                                                                          Phone:  (404) 331-0333

 

SBA Economic Injury Disaster Loans Available in Minnesota

Following Secretary of Agriculture Disaster Declaration

 

ATLANTA - The U.S. Small Business Administration announced today that federal Economic Injury Disaster Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations located in Chisago, Dakota, Goodhue, Washington and Winona counties in Minnesota as a result of the frost and freezing temperatures on
May 13-18, 2016.    

“These counties are eligible because they are contiguous to one or more primary counties in Wisconsin.  The Small Business Administration recognizes that disasters do not usually stop at county or state lines. For that reason, counties adjacent to primary counties named in the declaration are included,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta.

“When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to eligible entities affected by the same disaster,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta.

Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible
farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster.  With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers or ranchers. 

The loan amount can be up to $2 million with interest rates of 2.625 percent for private nonprofit organizations and 4 percent for small businesses, with terms up to 30 years.  The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources.  Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.  These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.  The loans are not intended to replace lost sales or profits.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov.  Loan applications can be downloaded from www.sba.gov/disaster.  Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155. 

Completed loan applications must be returned to SBA no later than July 31, 2017.

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For more information about the SBA’s Disaster Loan Program, visit our website at www.sba.gov/disaster.

 

Smart911
 

 Winter Weather Awareness Information

 

Be Notified During A Disaster!

Citizens in Winona County/City of Winona can receive emergency notifications using the CodeRED Emergency Notification System. Residents and businesses are encouraged to go online and create a user account that will provide the information needed in order to receive emergency notifications.

Signing up for the Winona County/City of Winona Emergency Notification System enables Winona County/City of Winona authorities to quickly provide you with critical information in a variety of situations such as severe weather, unexpected road closures, missing persons and evacuations of buildings or neighborhoods. You will receive time sensitive messages however you specify. This system has the ability to deliver messages to a live person, a voicemail system or answering machine within a targeted area or the entire county quickly. It's simple! Click here to enroll.

Winona County/City of Winona Emergency Management and Social Media

Winona County/City of Winona Emergency Management provides information using social media such as Facebook and Twitter. In addition to this website, we will use social media to provide Emergency Management information to residents. To access our Facebook account you can simply click on the Facebook icon on this website. You can also click here.