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Friday, December 7, 2012

U.S. SMALL BUSSINESS ADMINISTRATION PROVIDES OVER $150 MILLION IN LOW-INTEREST DISASTER LOANS

Brooklyn, N.Y., Dec. 4, 2012 -- Local Red Hook business, Cornell Paper and Box Company, continues cleanup of boxes at the warehouse that was flooded during Hurricane Sandy. Business impacted by the storm may contact the Small Business Administration (SBA) for low-interest disaster loans at all New York State/FEMA disaster recovery centers and 18 SBA business recovery centers. Jocelyn Augustino/FEMA
FROM: U.S. SMALL BUSSINESS ADMINISTRATION
SBA Approves More than $150 Million in Disaster Loans

To Hurricane Sandy Survivors

WASHINGTON –
A month after Hurricane Sandy devastated the East Coast, the U.S. Small Business Administration has approved more than $150 million in low-interest disaster loans to about 2,500 homeowners, renters and businesses in New York, New Jersey, Connecticut and Rhode Island.

"During the past month I’ve visited disaster centers and spoken with people who are struggling to reclaim communities and businesses that were devastated by Hurricane Sandy, and I was impressed by their determination to rebuild stronger," said SBA Administrator Karen G. Mills. "The SBA is there to support the long-term recovery of the disaster areas, and we will make sure that as many people as possible get the help they need to become whole again."

Through Thursday, the precise total was $156.56 million to 2,507 residents and businesses.
For more information about SBA disaster loans, visit www.sba.gov/sandy.