SBA disaster loans now available for some SW MN non-profits

The U.S. Small Business Administration announced Wednesday that certain Private NonProfit organizations (PNPs) in Minnesota that do not provide critical services of a governmental nature may be eligible to apply for low-interest rate disaster loans.

These loans are available following a Presidential disaster declaration for Public Assistance resulting from damages caused by severe storms, tornadoes, straight-line winds and flooding from June 15 through July 11, 2018.

PNPs located in Aitkin, Beltrami, Blue Earth, Brown, Carlton, Cass, Clearwater, Cottonwood, Faribault, Itasca, Jackson, Koochiching, Lake, Lyon, Martin, Murray, Nicollet, Nobles, Pine, Pipestone, Polk, Redwood, Renville, Rock, St. Louis, Sibley, and Watonwan Counties, and the tribal governments of the Leech Lake Band of Ojibwe, Red Lake Nation and White Earth Nation in Minnesota are eligible to apply.

PNP organizations are urged to contact their County’s Emergency Manager for information about their organization. The information will be submitted to FEMA to determine eligibility for a Public Assistance grant or whether the PNP should be referred to SBA for disaster loan assistance.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at Disasterloan.sba.gov.

The filing deadline to submit applications for physical property damage is Nov. 5, 2018. The deadline to submit economic injury applications is June 5, 2019.

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