Disaster loans possible in 4 upstate NY counties

Disaster loans possible in 4 upstate NY counties

New York officials say residents of four Mohawk Valley counties can now seek long-term loans from the U.S. Small Business Administration following its disaster declaration from rainstorms and flooding that began in late June.

Individuals and businesses in Herkimer, Madison, Montgomery and Oneida counties can get program information from the agency’s website.

Cuomo administration officials say the disaster loan program provides loans up to $200,000 to homeowners to repair or replace damaged real estate and loans up to $40,000 for homeowners or renters to repair or replace damaged personal property.

They note interest rates are as low as 1.875% for homeowners and renters, 2.875% for non-profit organizations and 4% for businesses, with amounts and terms based on applicant finances.

Copyright 2013 The Associated Press.

More Local Headlines

in Local

Police: Cortland man failed to aid in stabbing investigation


James Seybold, of Cortland, was arrested Sunday after refusing to speak with police about stabbing investigation outside Cortland bar

in Local

Bus safety group calls for more caution from drivers


The New York Association for Pupil Transportation says a study about drivers passing stopped buses shows some alarming statistics.

in Local

Police: Freeville man harassed ex, forced his way inside home

anthony clarke

Anthony Clarke, 25, of Freeville, is accused by police of harassing ex on Thanksgiving, then forcing his way into home, keeping her from calling police

in Local

New law brings tougher restrictions for repeat DWI offenders


ALBANY —┬áRepeat DWI offenders will now face tougher laws in New York under a┬ápiece of legislation signed by Governor Andrew…

in Local

Public meeting Monday on Hotel Ithaca demolition, expansion

common council

Hotel Ithaca is adding five-story building with 90 rooms, demolishing west wing of hotel; public meeting starts at 5 p.m. at Ithaca City Hall