SBA Disaster Loans Available For Local Nonprofit Organizations
The U.S. Small Business Administration announced Wednesday, Sept. 12, certain private nonprofit organizations in Minnesota not providing 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.
Private nonprofits 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.
Examples of eligible non-critical private nonprofit organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools, colleges and places of worship