BANK TO LAUNCH COMMUNITY DISASTER LOAN PROGRAM

Mankato’s Pioneer Bank is launching a program to aid in flood recovery.  The Community Disaster Loan Program is designed to assist homeowners and small business owners in the area.  Homeowners can borrow up to $5000 to repair flood damage, while businesses can borrow up to $20,000.  The low-interest rate loans can be repaid over five years.  The main focus for the loans is Blue Earth,  Watonwan and Nicollet Counties but counties bordering them are also eligible to apply for the loans.