SBA Disaster Loan Outreach Centers Open

By KBJR News 1

Flooding in Central Park Superior

August 21, 2012 Updated Dec 20, 2013 at 7:55 PM CST

Several Disaster Loan Outreach Centers have opened their doors for Northlanders who suffered losses during June's massive flooding.

Small Business Administration Low interest loans are available to Homeowners, businesses, renters and non-profit organizations in Carlton, Pine and St. Louis Counties as well as the Fond du Lac reservation.

Loans of up to 200 thousand dollars are available to home owners to repair or replace destroyed real estate.

Loans of up to 40 thousand dollars are available to homeowners and renters to replace personal property lost to the flood.

Business owners and non-profit groups may apply for loans up to two million dollars.

The centers are staffed by SBA, local and state agencies including experts from the Minnesota Housing Finance Agency which, if funded by the legislature, will be able to provide its Quick Start program.

That program provides assistance as a last resort when private insurance and federal assistance are not enough to return a damaged home to its pre-disaster condition. Quick start loans are forgivable no-interest loans as long as certain conditions are met.

Residents seeking a Quick Start loan must first apply for a SBA loan.

The Disaster Loan Outreach Centers will be open 9 a.m. to 5:30 p.m. weekdays and 10 a.m. to 2 p.m. Saturday. The locations are:

St. Louis County
Tuesday, Aug. 21 - Wednesday, Aug. 29 (closed Sunday)
Duluth Entertainment and Convention Center (DECC)
350 Harbor Drive
Duluth, Minnesota 55802

Carlton County
Tuesday, Aug. 21 - Friday, Aug. 24 and Monday Aug. 27 - Wednesday, August 29
Barnum Community Center
3753 Front Street
Barnum, Minnesota 55707

Saturday, Aug. 25
Barnum High School
3675 County Road 140
Barnum, Minnesota 55707

Pine County
Tuesday, Aug. 21 - Thursday, Aug. 23
Rutledge Community Center
7369 County Highway 61
Rutledge, Minnesota 55795

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