Disaster declaration OK'd for Grant County area - WXOW News 19 La Crosse, WI – News, Weather and Sports |

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 suffered 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.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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