The Small Business Administration is making low-interest loans available for small businesses, agriculture cooperatives and aquaculture businesses in Maine.
The SBA says the federal economic injury disaster loans cover damages from flooding, excessive heat and rain, and lightning and high winds between April 1 and Oct. 31, 2013. The SBA issued the disaster declaration after the secretary of agriculture made a similar declaration for farmers.
The loan amount can be up to $2 million with interest rates of just under 2.9 percent for private non-profit organizations of all sizes. Loans for small businesses carry a 4 percent interest rate with terms up to 30 years.
Send questions/comments to the editors.
Related Stories
Latest Articles
-
Kennebunk PostLetters to the Editor
-
Kennebunk Post
Kennebunk public service campaign aimed at speed scofflaws
-
Columns
Leonard Pitts: You can starve an ideal for only so long before you kill it
-
Times Record Opinion
Peter Funt: Come on, Amazon, make service a prime concern
-
Local & State
Some of the lives lost to COVID-19 in Maine
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi {SUB NAME}, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have one? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login to participate in the conversation. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.