Loans For Businesses Hurt By Michigan Summer Hailstorm
LANSING, Mich. (AP) - Businesses, coops and nonprofits who were hurt by the August 1st hailstorm in parts of northern Michigan can apply for Economic Injury Disaster Loans.
The U.S. Small Business Administration said the federal loans are being made available in Antrim, Benzie, Grand Traverse, Kalkaska, Leelanau, Manistee, Missaukee and Wexford counties.
The agency says the working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits.
Completed loan applications are due no later than Aug. 13, 2019.
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