More than $1M in US loans aid Granite City flood recovery
GRANITE CITY, Ill. (AP) — Officials in Granite City say more than $1 million in relief has been distributed to homeowners and businesses hit by August’s freak flood event.
The Belleville News-Democrat reports that the city has handed out the money in low-interest, long-term loans from the U.S. Small Business Administration.
The city was inundated Aug. 11-12 by nine inches of rain which fell in three hours. It overran the city’s storm sewers and filled basements and streets with foul water.
Tamim Choudhury is a public affairs specialist with the Small Business Administration. He says the SBA has received 85 home loan applications and five from businesses. The SBA has approved 32 loans for about $1.2 million. SBA consultants were scheduled to leave Granit City this week but applications will be accepted until Dec. 9.