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<br /> Y F ( j4{ el� we for fedeah f o
<br /> �ll�. borou.• h . tornado vY `��'yj
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<br /> By JULIA WHITE �/ "` '` "They ll be one of a few'agencies that ty Courthouse in Hillsborough• „.'., :utla the'loans can i telephone.the*service cen-
<br /> iaMU v t�� -' ` i �� will be evaluating the,losses," he said.,.
<br /> t '"If they get in touch with the service 1.ter at
<br /> 644 3070'mr 7328181 extension
<br /> The Chapel Hill Herald r. y - Tornado'photo'on page 3
<br /> HIISSBOROUGH—Residents and bust- + °Hopefully we'll be able to help 100 per-"'center first we'll 'evaluate needs other'?3070.Ho are 10 am to 7 p m:.;..:,.
<br /> ness owners in liillsborou who'suf cent of the victims.,' h4 Fr _ ,. . Kul,{than housing,".said Sharron Siler,coutity't The;SBA loan rates for physical dam-
<br /> cent
<br /> property damage from lastlast:week's' if', ! ;; r�r" `` at` A state*,!tally puts losses'in Orange�,spokeswoman "Then they'll be referred, age to houses and other structures were
<br /> tornadoes may apply for Small Business As„well,as giving the nod to Orange, County.at-almost $21millioii and losses . to the housing center.”, !,y V0
<br /> quoted as follows'?
<br /> Administration loans,officials announced ;.County, the SBA,declared Stokes County 'across the- state at'$9.3 million. The The SBA derision, requested by Gov. �N JHomeowriers a with other credit
<br /> Thursday �, �, eligible for the,loan.-Jbe decision auto-'.' storms destroyed 53;h'm sand a'busi-"'';jim'Martin and supported by,U.S Rep. 'available,8 percent,t 'y
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<br /> The derision enables people to`rebuild matically makes 10'contiguous counties' 'ness here and damaged_109 home's and p�David Price, D-Chapel Hill came as no p� Homeowners without other credit
<br /> or make'repaits with low-interest'loans 'to the two hardest htt.counties eligible another business,officials have said.'''' "' surprise to local officials.. n iq available 4
<br /> from the federal government;' ;E for funding.` t!;Jp I :3: Residents who wish to apply for loans? "It was'our hope that we would get a' Y t Busmesses`with other credit.,avail-
<br /> "It was our hope that this would come:.;.;Swanson said"the''.SBA;would be just can start Monday i'at Orange County's l presidential declaration, Swanson--said. able 8 rcent
<br /> through,;'. Hillsborough I Town:Manager one of several agencies.offering financial 'new service center,located at the Court si :'But this will certainly go a long way. �..s a:1x 7
<br /> Eric Swanson said."It will be a help." assistance to Hillsborough residents. Street annex beside the old Orange Coun Anyone who wished to inquire about"' please See LOANS/2
<br /> ~ANS,LO FROM 1 . .
<br /> 'P'f ■ F Businesses` and non- The loan application,dead-
<br /> -profit,organizations without line for physical damage is,..
<br /> 10 other available credit, 4 per- Feb. 1.and for the closing of i,
<br /> cent.;5;:.i:i: a business is Nov.3.
<br /> ■' Others, including non
<br /> profit'`organizations, with Other counties"
<br /> other'!credit,available, 7.725 Alamance, Caswell, Chatham,
<br /> percent"; Durham.,;Forsyth,. Guilford,.;''
<br /> '.The''loan''rates for eco- .
<br /> and Rockingham. Surry:g
<br /> nomic';injury,' such as the;: d Yadkin in North Carolina
<br /> closing'of a-business with no ; and.Patrick County in Vir-
<br /> other'eredit available, stand "•ginia.— also are eligible for
<br /> at 4 percent.' SBA loans.'
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