SBA’s Office of Disaster Assistance and the Minnesota district office are coordinating with the state of Minnesota DEED to expedite the request for approval of economic injury disaster loan assistance.

Once the declaration is approved and support is available it will be widely announced for eligible Minnesota entities.

The SBA’s economic injury disaster loan program provides small businesses and private nonprofits working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.