Business
September 24, 2008
Flea market fire victims can apply for loans

West Virginia businesses and homes affected by the Sept. 10 fire at the Milton Flea Market can apply for low-interest disaster loans from the U.S. Small Business Administration, acting SBA Administrator Sandy K. Baruah announced on Tuesday.

The SBA disaster loans became available following a request for a disaster declaration over the fire by Gov. Joe Manchin on Sept. 16. The disaster declaration covers Cabell, Lincoln, Mason, Putnam and Wayne counties in West Virginia and Lawrence and Gallia counties in Ohio.

Loans of up to $200,000 are available to repair or replace damaged or destroyed real estate, inventories, supplies and equipment, while loans of up to $40,000 are available to repair or replace damaged personal property, including vehicles.

An SBA Outreach Center to issue loan applications and answer questions will open at 8 a.m. today in Milton City Hall. The center will be open 8 a.m. to 5 p.m. on weekdays and 9 a.m. to 1 p.m. on Saturdays through Oct. 2.

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