Loans for the Lowlands
Hurricane Floyd's unruly path up the East Coast put some small businesses underwater, physically as well as financially. Others were left unscathed, but their owners are wondering how they can avoid the same fate. The Small Business Administration may have hit upon a solution. During fiscal year 2000, the agency will offer low-interest pre-disaster loans that will cover up to $50,000 for repairs that mitigate potential flood damage, such as moving electrical facilities out of a flood-prone basement to higher ground.
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