NEW INFORMATION: Disaster declaration OK'd for Grant County area

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MADISON, Wis. (AP) -- Low-interest loans will be available to individuals and businesses that sustained damaged following a string of tornadoes and heavy storms that hit the Grant County area last month.

Gov. Scott Walker announced Tuesday that the U.S. Small Business Administration approved his request for a disaster declaration covering Grant County and the contiguous counties of Crawford, Iowa, Lafayette, and Richland.

Under the disaster declaration, loans up to $200,000 will be available to homeowners to repair or replace damaged or destroyed property. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property.

Businesses and nonprofit organizations can borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.



 
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