- Posted December 03, 2014
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Business recovery centers closing after flooding
DETROIT (AP) - The U.S. Small Business Administration is closing its three business recovery centers in southeastern Michigan that were set up following August's flooding.
The agency says Thursday's closings are due to a steady decrease in activity at the Detroit, Warren and Oak Park locations. Business owners interested in getting low-interest disaster loans are encouraged to visit the centers before they shut.
Officials say more than 122,000 residents have registered to receive nearly $216 million in federal disaster relief funds and loans.
The Federal Emergency Management Agency has approved $131 million in grants, while the Small Business Administration has approved $84.9 million in low-interest loans.
Those applying for FEMA assistance have until Dec. 14 to register. Those applying for SBA assistance have until Dec. 15 to register.
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Online:
http://disasterloan.sba.gov/ela.
http://www.sba.gov/disaster.
Published: Wed, Dec 03, 2014
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