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Federal Small Business Aid Critical After Massachusetts Tornadoes

Press Release

Location: Boston, MA

Senator John Kerry today released a statement after the U.S. Small Business Administration (SBA) announced that counties across Massachusetts ravaged in this month's tornadoes are now able to apply for disaster loans.

"Administrator Mills and I spoke by teleconference last week about the urgent need to keep the doors open for Massachusetts' small businesses. She knows how badly these companies are hurting. In fact, on our conference call, a lot of folks were even struggling to hear because their phone lines had been so damaged by the storms, but I can assure them that Administrator Mills could hear the urgency in their voices and today they can hear her crystal clear message in response," said Sen. Kerry. "Our small business owners want to repair, rebuild, and reinvest, and the Small Business Administration will be an active partner in that effort."

"The U.S. Small Business Administration is strongly committed to providing the people of Massachusetts with the most effective and customer-focused response possible to assist homeowners, renters, and businesses with federal disaster loans. Getting businesses and communities up and running after a disaster is our highest priority at SBA," said SBA Administrator Karen G. Mills.

Small businesses and non-profits in the following counties are now eligible to apply for SBA Economic Injury Disaster Loans: Berkshire, Franklin, Hampshire, Middlesex and Norfolk in Massachusetts; neighboring counties of Hartford, Litchfield, Tolland and Windham in Connecticut; Cheshire and Hillsborough in New Hampshire; and Providence in Rhode Island.

Disaster loans up to $200,000 are available to homeowners to repair or replace disaster damaged or destroyed real estate. Homeowners and renters are eligible up to $40,000 to repair or replace disaster damaged or destroyed personal property.

On June 2, Senator Kerry led the Massachusetts delegation in a letter to President Barack Obama urging a Federal Disaster Declaration, which was issued yesterday. On June 8, Senator Kerry arranged a conference call for small business owners across the state to speak directly to Administrator Mills about the storm's impacts on their businesses.

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