U.S. Rep. Fred Upton, R-St. Joseph, today released the following statement after Governor Rick Snyder’s request for assistance from the U.S. Small Business Administration was approved for dealing with flood recovery costs:  

“We’ve seen first-hand the destruction this severe flooding has caused – today’s announcement is welcome news for our area. These low-interest loans will help our local businesses and residents recover financially from the tremendous impact of the recent flooding.”

Upton had previously led the bipartisan effort in support of Snyder’s SBA request. 

The SBA disaster assistance program provides low-interest disaster loans for uninsured losses incurred by homeowners, renters, businesses, and non-profit organizations to repair and replace real estate, personal property, machinery and equipment, inventory and business assets that have been damaged or destroyed. The SBA tailors the repayment of each disaster loan to the borrower’s financial capability.

Additional information is available here.