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Federal aid coming after tornado damage

UNDATED (WSAU-Wheeler News)   The U-S Small Business Administration has given fast approval to Wisconsin’s request for disaster aid, after six tornadoes hit the Fox Valley 15 days ago. Governor Scott Walker looked to the S-B-A for low-interest loans, after the Federal Emergency Management Agency said there was not enough damage to qualify for its disaster grants.

The S-B-A declared Outagamie County a disaster area, after it had $31-million in damage from the August seventh storms. Victims in adjoining counties can also get loans. They include Brown, Calumet, Shawano, Waupaca, and Winnebago counties. Walker’s office says homeowners can get low-interest S-B-A loans of up to $200,000 to fix-or-replace their houses. Both homeowners and renters can get loans of up to $40,000 for their personal property. Businesses and non-profit groups can get interest breaks on up to two-million dollars in loans to restore-or-replace buildings, equipment, and more.

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