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Iron, Vilas counties have access to federal disaster loans

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VILAS COUNTY, WI (WTAQ) - Federal disaster loans are being made available in Iron and Vilas counties in far northern Wisconsin.

They're included as part of a disaster declaration in Upper Michigan, which was hit hard by cold temperatures and heavy rains last April.

Iron and Vilas counties are right next to the main disaster area, so they're eligible for the federal relief.

The Small Business Administration is providing low interest loans for small businesses, farm co-ops, and non-profit groups that struggled due to the weather. Those who qualify can get up to $2 million with interest rates as low as two-and-seven-eighths percent.

The money can pay past due bills, but it cannot make up for lost profits.

(Story courtesy of Wheeler News Service)