Excessive Rain Activates SBA Disaster Loan Program in Michigan
… rain that occurred July 13 through Sept. 1, 2023. Low-interest disaster loans are available in the counties of Bay, … The loan amount can be up to $2 million with interest rates of 4% for small businesses and 2.375% for … nonprofit organizations, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 …