Disaster loans for businesses near Grand Lake St. Marys available

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Disaster loans for businesses near Grand Lake St. Marys available

Dayton Daily News – Businesses hurt by the cyanobacteria outbreak on Grand Lake St. Marys are eligible for low-interest loans from the U.S. Small Business Administration, but they must apply before a July 19 deadline.

U.S. Sen. Sherrod Brown announced Tuesday that the federal loans are available for small businesses, small agricultural cooperatives and nonprofits in Auglaize, Allen, Darke, Hardin, Logan, Mercer, Shelby and Van Wert counties.

“Grand Lake St. Marys is an important economic driver in western Ohio. When the lake is affected, so are the Ohio businesses that surround it,” Brown said.

Ohioans seeking loan information and application forms can call the SBA’s Customer Service Center at (800) 659-2955 or send an email to [email protected] Loan application forms can also be downloaded from www.sba.gov.

Frank Skaggs, director of SBA Field Operations Center — East, said eligible businesses or nonprofits could receive Economic Industry Disaster Loans up to $2 million with interest rates of 3 percent for nonprofits and 4 percent for businesses.

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