Loans available to storm-damaged NH businesses

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New Hampshire businesses that lost money because of the December ice storm are now eligible for federal loans.

Sen. Jeanne Shaheen and Rep. Paul Hodes recently wrote to the Small Business Administration asking it to certify New Hampshire businesses as eligible for Economic Injury Disaster Loans. Shaheen says the ice storm hurt many businesses that were already struggling in this weak economy, and the loans will help them bounce back from damage to their facilities and inventory and customer loss.

The terms of the low-interest loans are determined by the business’ ability to repay.

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