Flood loans approved for Mecosta, Montcalm, Newaygo, Lake

3:13 PM, Mar 5, 2013   |    comments
Hesperia Dam - photo from Tammy Reberg
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BIG RAPIDS, Mich. (AP) -- Gov. Rick Snyder says the U.S. Small Business Administration has approved his request for a disaster declaration for Mecosta County following severe winter flooding in the area.

Snyder said Tuesday that the move makes low-interest disaster loans available to residents and businesses affected by flooding in late January and early February.

Big Rapids is the Mecosta County seat. The declaration also covers neighboring Clare, Isabella, Lake, Montcalm, Newaygo and Osceola counties in the central Lower Peninsula.

The disaster assistance program provides low-interest disaster loans for uninsured losses incurred by homeowners, renters and businesses and nonprofit organizations.

Snyder says the federal agency will open a disaster recovery center in the area later this week. He says loan applications will also be available online at www.sba.gov and by mail.

AP

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