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

Tourism brings more than $100 billion to New York

Local_News41-620x400

Governor Andrew Cuomo says New York was the most visited state by overseas travelers for the 14th year in a row.

in Local

Ithaca assemblywoman urges transition from fossil fuels

State Assemblywoman Barbara Lifton [D-Ithaca] speaking at a Cortlandville Town Hall in 2013.

70 elected officials signed a letter to the governor, fighting a ratepayer subsidy of a local power plant.

in Local

Holiday week traffic boost expected along US-Canada border

driving

Customs officials say they expect a major boost in border traffic this weekend and next weekend.

in Local

Another competitor appears for Southern Tier casino license

casino

Binghamton's city council voted Tuesday to pursue a state license for a casino.

in Local

Study finds New York lacking in patriotic spirit

7323556

The study by WalletHub puts New York dead last on a list of how patriotic states in the U.S. are.