SBA offers financial aid to fix riot damages; businesses and individuals can apply

Aug 07, 20200

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The Small Business Administration is offering financial assistance to businesses and residents that suffered property damage in the riots that followed the protests over the police killing of George Floyd. File photo shows Gov. Tim Walz, Sen. Amy Klobuchar, and Sen. Tina Smith on June 5 with business owners that were affected by the riots.

The Small Business Administration (SBA) is offering disaster loans of up to $2 million to businesses and residents in the Twin Cities who incurred financial damage from the protests and riots in late May and early June.

The move comes after the Federal Emergency Management Agency denied a request from Gov. Tim Walz for federal disaster aid to reimburse local governments as they begin to clear away rubble and rebuild structures.

Meanwhile, state and local officials in Minneapolis and St. Paul have been slow to pull together financial assistance, in part because they're waiting to see what the other will do.

https://www.startribune.com/sba-offering-disaster-loans-of-up-to-2m-to-twin-cities-businesses-residents-affected-by-riots/572027432/