Local

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

Albany man wanted on violent felony charge arrested in Ithaca after foot chase

Updated
Ziphaire O. Peters, 31, of Albany, was arrested by Ithaca Police Tuesday following a foot chase  in the city.

31-year-old Ziphaire Peters was spotted by an officer in the area of West Seneca Street.

in Local

Felony hearing set in Newfield dog shooting

lilly

The accused shooter faces up to two years in prison.

in Local

Ithaca area gets another Start Up NY business

CORNELL LOGO

The Ithaca-area will be home to another business through the State’s Start Up New York program.

in Local

Car rollover accident near Ithaca College sends one to hospital

One driver was driven to a hospital with non-life threatening injuries following a 2-car accident in the Town of Ithaca.

The injuries don't appear to be life-threatening.

in Local

NY prisons to keep young inmates from segregation

prison

New York corrections officials say they will update the policy for state prisons to preclude placing inmates younger than 18 in segregated housing.