BROOKFIELD – North Shore Bank has announced it will make $10 million in special, low-interest disaster recovery loans available to home and business owners.

The money would be used to repair water damage to businesses and homes affected by recent torrential rains and flooding in Kenosha and Racine counties. Qualified business and homeowners can borrow up to $25,000 with a rate of 5 percent.

“Heavy rains in recent days have taken a devastating toll on homes and businesses in southeastern Wisconsin and, as a community bank and community partner, we wanted to do something to help,” Jim McKenna, president of North Shore Bank said. “When a situation like this occurs—with homes damaged, businesses closed and many still without power—it’s hard to know where to begin. We want to make the cleanup easier for our neighbors in Racine and Kenosha counties.”

The program will be available for 90 days, and North Shore Bank will work with local government and private organizations to identify families and businesses that may benefit from the program.

Individuals interested in applying for a loan can call North Shore Bank at (262) 785-1600 or visit one of the bank’s Kenosha and Racine county branches.