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VOL. 131 | NO. 160 | Thursday, August 11, 2016

SBA Loans Available in Some Tenn. Counties Due to Drought

The Associated Press

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NASHVILLE, Tenn. (AP) – Some businesses and groups affected by drought this summer in Tennessee have disaster loans available to them.

The U.S. Small Business Administration said in a news release that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations as a result of the drought that began May 31.

Tennessee counties included in the disaster declaration are Bledsoe, Bradley, Grundy, Hamilton, Marion, McMinn, Meigs, Monroe, Polk, Sequatchie, Van Buren and Warren.

The SBA said the loan amount can be up to $2 million and may be used to pay fixed debts, payroll, accounts payable and other bills.

To apply online, visit disasterloan.sba.gov/ela. For more information, call (800) 659-2955.

Applications must be returned no later than March 27.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 103 137 4,008
MORTGAGES 84 131 4,521
FORECLOSURE NOTICES 7 19 700
BUILDING PERMITS 178 368 9,636
BANKRUPTCIES 50 110 2,995
BUSINESS LICENSES 40 73 1,964
UTILITY CONNECTIONS 31 66 1,190
MARRIAGE LICENSES 17 40 754