Residents of south-central Wisconsin whose small businesses were damaged by the August floods can apply for an interest-free loan of up to $15,000 to help finance repairs and operating expenses.
The Wisconsin Economic Development Corp. is providing $755,000 to the Madison Region Economic Partnership to administer the program in the eight-county MadREP region.
More than 160 businesses in the region — including 126 in Dane County, with a total of $21 million in damage — were affected by storms that deluged the area with as much as 14 inches of rain.
MadREP is accepting loan applications from businesses in Dane, Rock, Sauk, Dodge, Iowa, Columbia, Jefferson and Green counties that were hit with “measurable physical damage” from the floods, WEDC said. The businesses must “intend to resume business operations in the community as quickly as possible.”
Read more in the Wisconsin State Journal.