Friday, May 2, 2008

Massachusetts Small Businesses Hurt by Drought to Get Help from Kerry Law

WASHINGTON, May 2 /PRNewswire-USNewswire/ -- Bay State small
businesses facing economical adversity caused by drought and utmost heat energy last
summer and autumn are now eligible for federal assistance under a law authored by
Senator Toilet Kerry. Federal Soldier economical hurt catastrophe loans are now
available to little concerns in Barnstable, Bristol, Middlesex, Norfolk,
Plymouth, Suffolk, and Joseph Emerson Worcester counties that have got been adversely impacted
by drought and heat energy statuses from July 15 - December 31, 2007. "When drought strikes, it's not just our husbandmen who struggle. Many
other Bay State concerns are harmed too, so they necessitate a fiscal shot in
the arm," said Kerry, President of the Committee on Small Business and
Entrepreneurship. In January 2006, the President signed into law Kerry's Small Business
Drought Relief Act that was attached to the Defense Mandate bill. The
law supplies little concerns in states with drought declarations with
access to low-interest loans for business-related purposes, including
paying measures and making paysheet until concern tax returns to normal. Kerry
fought for three old age to fold the loophole that enabled the Small
Business Administration (SBA) to deny non-farm or agribusiness dependent
small concerns entree to economical hurt catastrophe loans when the
Secretary of Agribusiness issued a drought declaration. Currently, Kerry is working to ordain statute law to better the SBA's
disaster loan programme by increasing loans from $1.5 million to $2 million
and providing the federal agency with further tools to procedure catastrophe loans
more quickly. Kerry's statute law have passed the Senate. The deadline for little concerns to use for an SBA economical injury
disaster loan is December 8, 2008. For more than information, call
1-800-659-2955 (1-800-877-8339 for the hearing-impaired) or download loan
applications at .

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