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Wall of sand bags protecting the Montpelier post office during flooding in 2011. Photo: <a href="https://www.flickr.com/photos/happenstancephotos/5886981776/">Cody and Maureen</a>, Creative Commons, some rights reserved
Wall of sand bags protecting the Montpelier post office during flooding in 2011. Photo: Cody and Maureen, Creative Commons, some rights reserved

Small businesses can seek loans for May flooding

MONTPELIER, Vt. (AP) Eligible Vermont small businesses have until July 21 to file for federal disaster loans for losses from the excessive rain and flooding in May.

The U.S. Small Business Administration says federal economic injury disaster loans are available to businesses and nonprofits in all 14 counties.

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The SBA says the loans can be for up to $2 million with interest rates of 4 percent for small businesses and 2.8 percent for nonprofit organizations.
SBA says it cannot provide disaster loans to agricultural producers, except aquaculture enterprises.
For more information call 1-800-659-2955 or apply online using the electronic loan application on the SBA's website at https://disasterloan.sba.gov/ela.

(Copyright 2014 The Associated Press. All rights reserved)

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