96-19402. Minnesota; (And Contiguous Counties in North Dakota); Declaration of Disaster Loan Area

[Federal Register Volume 61, Number 148 (Wednesday, July 31, 1996)]
[Notices]
[Page 40059]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-19402]


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SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster Loan Area #2876]

Minnesota; (And Contiguous Counties in North Dakota); Declaration 
of Disaster Loan Area
    Marshall County and the contiguous counties of Beltrami, Kittson, 
Pennington, Polk, and Roseau in Minnesota, and Grand Forks, Pembina, 
and Walsh Counties in North Dakota constitute a disaster area as a 
result of damages caused by flooding which occurred May 17 and 18, 
1996. Applications for loans for physical damage may be filed until the 
close of business on September 20, 1996 and for economic injury until 
the close of business on April 22, 1997 at the address listed below:

U.S. Small Business Administration, Disaster Area 2 Office, One 
Baltimore Place, Suite 300, Atlanta, GA 30308
or other locally announced locations.
    The interest rates are:

------------------------------------------------------------------------
                                                                 Percent
------------------------------------------------------------------------
For Physical Damage:                                                    
  Homeowners with credit available elsewhere..................     7.625
  Homeowners without credit available elsewhere...............     3.875
  Businesses with credit available elsewhere..................     8.000
  Businesses and non-profit organizations without credit                
   available elsewhere........................................     4.000
  Others (including non-profit organizations) with credit               
   available elsewhere........................................     7.125
For Economic Injury:                                                    
  Businesses and small agricultural cooperatives without                
   credit available elsewhere.................................     4.000
------------------------------------------------------------------------

    The numbers assigned to this disaster for physical damage are 
287606 for Minnesota and 287706 for North Dakota. For economic injury 
the numbers are 897100 for Minnesota and 897200 for North Dakota.
(Catalog of Federal Domestic Assistance Program Nos. 59002 and 
59008)

    Dated: July 22, 1996.
Ginger Lew,
Acting Administrator.
[FR Doc. 96-19402 Filed 7-30-96; 8:45 am]
BILLING CODE 8025-01-U