Governor Quinn Secures SBA Disaster Assistance for July Storms and Flooding in Northwest Illinois Print
News Releases - Environment & Weather
Written by Nafia Khan   
Tuesday, 30 August 2011 07:55

People, Businesses in Carroll, Jo Daviess, Ogle, Stephenson and Winnebago Eligible to Apply for Low-Interest Loans

SPRINGFIELD – August 29, 2011. Governor Pat Quinn today announced that the state’s request for a U.S. Small Business Administration (SBA) disaster declaration has been approved for several counties in Northwest Illinois that were hit by severe storms and flash flooding July 27-28. The declaration makes low-interest loans available to homeowners, renters and businesses in the primary counties of Jo Daviess and Stephenson, as well as the contiguous counties of Carroll, Ogle and Winnebago.

“This SBA declaration will support many people and businesses in these five counties who are recovering from devastating losses from the severe storms and flooding,” Governor Quinn said. “The low-interest, long-term loans available through SBA will provide a much-needed helping hand as they repair and rebuild their homes and businesses.”

Governor Quinn submitted the request for an SBA disaster declaration on Friday. In that request, Governor Quinn noted that Jo Daviess and Stephenson counties each had at least 25 homes or businesses that sustained uninsured losses of 40 percent or more.

“This SBA disaster declaration will help many people and businesses with their recovery efforts,” said Jonathon Monken, director of the Illinois Emergency Management Agency (IEMA). “We appreciate the SBA’s quick action on Governor Quinn’s request.”

Also on Friday, Governor Quinn requested federal assistance to help local governments in Carroll, Jo Daviess and Stephenson counties recoup 75 percent of their disaster-related expenses. That request is still pending with the federal government.

On August 10, Governor Quinn declared the three counties state disaster areas and pledged the state’s commitment to helping the area recover from the severe storms and flooding.

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