Flood Relief Resources
Many homes and businesses across Minnesota experienced severe flooding this summer. The U.S. Small Business Administration (SBA) works closely with the Federal Emergency Management Agency (FEMA) to provide loans and grants to assist with repair and relief.
The SBA offers Business Physical Disaster Loans to repair or replace damaged property. This includes real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible, including private, non-profit organizations such as charities and churches. Find out if your business is eligible and apply using the SBA portal by September 30.
The SBA also offers Economic Injury Disaster Loans (EIDLs) to help meet other needs like ongoing operating expenses. These loans are available even if the organization did not suffer physical property damage. The deadline for EIDL applications is April 29, 2025.
FEMA offers a number of individual assistance programs including unemployment assistance, legal services, and an Individuals and Households Program to help individuals who have uninsured or underinsured necessary expenses and serious needs. To find out what grants or loans you may be eligible for, and to apply, visit disasterassistance.gov.
SBA and FEMA are encouraging businesses to apply for both FEMA grants and the SBA low-interest disaster loan assistance to fully recover. If you need help filling out an application, there is a recovery center in Jackson County that is offering assistance.
My thoughts are with all communities, families, businesses, and farms that are recovering from these disasters. Please contact my team if we can help with any response needs.
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