[Federal Register Volume 61, Number 173 (Thursday, September 5, 1996)]
[Notices]
[Page 46892]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-22584]


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SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster Loan Area #2890]


Michigan; Declaration of Disaster Loan Area

    As a result of the President's major disaster declaration on July 
23, 1996, which was for Public Assistance only, and an amendment 
thereto on August 15 adding Individual Assistance, I find that Bay, 
Lapeer, Midland, Saginaw, Sanilac, St. Clair, and Tuscola Counties in 
the State of Michigan constitute a disaster area due to damages caused 
by severe storms and flooding which occurred June 21-July 1, 1996. 
Applications for loans for physical damages may be filed until the 
close of business on October 14, 1996, and for loans for economic 
injury until the close of business on May 15, 1997 at the address 
listed below: U.S. Small Business Administration, Disaster Area 2 
Office, One Baltimore Place, Suite 300, Atlanta, GA 30308, or other 
locally announced locations. In addition, applications for economic 
injury loans from small businesses located in the following contiguous 
counties may be filed until the specified date at the above location: 
Arenac, Clare, Clinton, Genesee, Gladwin, Gratiot, Huron, Isabella, 
Macomb, Oakland, and Shiawassee Counties in the State of Michigan.
    Interest rates are:

------------------------------------------------------------------------
                                                                Percent 
------------------------------------------------------------------------
For Physical Damage:                                                    
  Homeowners With Credit Available Elsewhere.................      7.625
  Homeowners Without Credit Available Elsewhere..............      3.875
  Businesses With Credit Available Elsewhere.................      8.000
  Businesses and Non-Profit Organizations Without Credit                
   Available Elsewhere.......................................      4.000
  Others (Including Non-Profit Organizations) With Credit               
   Available Elsewhere.......................................      7.125
For Economic Injury:                                                    
  Businesses and Small Agricultural Cooperatives Without                
   Credit Available Elsewhere................................      4.000
------------------------------------------------------------------------

    The number assigned to this disaster for physical damage is 289006 
and for economic injury the number is 915900.


(Catalog of Federal Domestic Assistance Program Nos. 59002 and 
59008)

    Dated: August 26, 1996.
Bernard Kulik,
 Associate Administrator for Disaster Assistance.
[FR Doc. 96-22584 Filed 9-4-96; 8:45 am]
BILLING CODE 8025-01-P