This Week
  • Dmitriy Ruzhanskiy has crafted his career in the restaurant industry.

  • Analytical tools are giving firms added power in the human resources area.

  • Large companies have commissioned Byron Rubin's artistic representations.

  • CEO Marco Altieri has Angels in Your Home reaching new heights.

  • Redman Construction has settled on the best strategy for growth.

  • The Schools Report Card has rankings for 27 districts and more than 250 schools.

Disaster loans available for those hit by drought

Rochester Business Journal
October 29, 2012

Federal disaster loans are available to small businesses, small agricultural cooperatives and private non-profits in Rochester-area counties affected by the summer’s drought and heat, the U.S. Small Business Administration announced Monday.

Small businesses engaged in aquaculture also are eligible, SBA officials said.

The disaster declaration includes 50 New York counties, including Monroe, Genesee, Livingston, Ontario, Orleans and Wayne counties, officials said.

The loan amount can be up to $2 million, with interest rates of 3 percent for qualifying non-profits and 4 percent for small businesses, officials said. Terms are as long as 30 years.

The SBA will determine eligibility based on the size of the applicant, the type of activity and the applicant’s financial resources, officials said. Loan amounts and terms will be gauged on an applicant’s financial condition.

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google