[Federal Register Volume 61, Number 173 (Thursday, September 5, 1996)]
[Notices]
[Page 46892]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-22584]
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SMALL BUSINESS ADMINISTRATION
[Declaration of Disaster Loan Area #2890]
Michigan; Declaration of Disaster Loan Area
As a result of the President's major disaster declaration on July
23, 1996, which was for Public Assistance only, and an amendment
thereto on August 15 adding Individual Assistance, I find that Bay,
Lapeer, Midland, Saginaw, Sanilac, St. Clair, and Tuscola Counties in
the State of Michigan constitute a disaster area due to damages caused
by severe storms and flooding which occurred June 21-July 1, 1996.
Applications for loans for physical damages may be filed until the
close of business on October 14, 1996, and for loans for economic
injury until the close of business on May 15, 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. In addition, applications for economic
injury loans from small businesses located in the following contiguous
counties may be filed until the specified date at the above location:
Arenac, Clare, Clinton, Genesee, Gladwin, Gratiot, Huron, Isabella,
Macomb, Oakland, and Shiawassee Counties in the State of Michigan.
Interest rates are:
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Percent
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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
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The number assigned to this disaster for physical damage is 289006
and for economic injury the number is 915900.
(Catalog of Federal Domestic Assistance Program Nos. 59002 and
59008)
Dated: August 26, 1996.
Bernard Kulik,
Associate Administrator for Disaster Assistance.
[FR Doc. 96-22584 Filed 9-4-96; 8:45 am]
BILLING CODE 8025-01-P
