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SBA offers aid for Hampton Roads nor'easter losses

SBA offers aid for Hampton Roads nor'easter losses

SBA offers aid for Hampton Roads nor'easter losses

WVEC.com

Posted on August 2, 2010 at 9:12 AM

NORFOLK -- The Small Business Administration is offering low-interest loans to small businesses and nonprofits in Hampton Roads to help them recover from losses caused by a November nor'easter.

The SBA says small businesses and nonprofits have until Aug. 25 to apply for up to $2 million in loans.

The money can be used to pay debt that could have been paid if the storm damage hadn't occurred, such as payroll and accounts payable.

Loans are available for businesses and nonprofits in Chesapeake, Hampton, Newport News, Norfolk, Virginia Beach, Poquoson, Portsmouth, James City County, York County and Currituck County, N.C.

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Information from: The Virginian-Pilot,
http://www.pilotonline.com

(Copyright 2010 by The Associated Press.  All Rights Reserved.)

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