Gov asks SBA for loans to those hit by bombing

Written By Unknown on Sabtu, 27 April 2013 | 16.30

Gov. Deval Patrick has called on the U.S. Small Business Administration to provide some relief in the form of low-interest loans for small businesses and private nonprofits affected by the Boston Marathon bombings last week.

In a letter, Patrick asked the agency to issue an Economic Injury Declaration for Suffolk County so that long-term and low-interest SBA loans would be made available to businesses and private nonprofits.

"Requesting this federal aid will help Boston and the commonwealth recover faster from the tragic events that unfolded at the marathon," Patrick said. "I urge the Small Business Administration to approve our request quickly to help the small businesses that keep our commonwealth strong rebuild."

In order to receive this federal assistance, the commonwealth must show that businesses suffered substantial economic injury.

If the agency issues the declaration, emergency officials will coordinate with the USSBA and Boston's Office of Emergency Management to have specialists available in the city to work with businesses that may be interested in the loans, Patrick said.

Businesses were gradually allowed to reopen on Boylston Street this week, several days after two bombs went off killing three people and injuring hundreds.


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