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The SBA in town

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December 7, 2006

WHAT: Low-interest loans for homeowners, renters and businesses with losses from the chemical explosion. Businesses outside of Danvers, such as those that sold supplies to a destroyed business, may also apply. Businesses that lost money due to road closures, for example, may be eligible for economic injury loans. Interest rates on its loans are 3 percent or 4 percent.

WHEN: Counselors are taking applications at Danvers Town Hall. The office, on the first floor, is open Monday through Friday, 8 a.m. to 5 p.m., and this Saturday from 10 a.m. to 3 p.m.

DEADLINE: Owners of property that sustained damage have until Jan. 29 to file an application. Businesses applying for economic injury loans have until Aug. 29 to apply. They get more time because economic losses often aren't readily apparent until months after a disaster, according to agency officials.

SOURCE: US Small Business Administration

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