This Week
  • Siblings Bradley Calkins and Katherine Lindahl are co-CEOs of Rochester Midland.

  • The number of temporary help employees locally has grown since the recession.

  • Kelby Russell wants you to know: Local wines are among the world's finest.

  • Employee cross-training has become essential for organizations to run smoothly.

  • P3 Systems Inc. sells and services new and refurbished networking equipment.

  • Challenges mount for area companies that do business in Russia.

Loans available for organizations hurt by armyworms

Rochester Business Journal
October 12, 2012

Disaster relief loans are available to small businesses, agricultural co-ops and most private non-profit organizations in the Rochester region affected by the weather-related outbreak of armyworms in May, the U.S. Small Business Administration announced Friday.

The disaster declaration includes Monroe, Genesee, Livingston, Ontario, Orleans, Wayne and 25 other New York counties, SBA officials said. Loans can be as much as $2 million. Interest rates are 4 percent for small businesses and 3 percent for non-profits, with terms as long as 30 years.

Eligibility is determined by the SBA based on the size of the applicant, the type of activity and the SBA’s financial resources, officials said. The SBA also determines the amounts and terms of its loans, based on the financial condition of the applicant.

(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