Businesses Affected By Low Lake Levels To Receive Aid
Businesses Can Qualify For Loans Up To $1.5 Million
POSTED: 9:59 pm CDT June 29,
2007
UPDATED: 10:12 pm CDT June 29,
2007
NASHVILLE, Tenn. -- There will be some relief for businesses who are struggling to stay afloat because of low water levels on Lake Cumberland.The small business administration is offering low-interest loans for lake dependent businesses in parts of central and southern Kentucky.Businesses can qualify for loans up to $1.5 million.It is estimated businesses along the lake could lose more than $23 million.
The Army Corps of Engineers lowered water levels while repair work is done at Wolf Creek Dam.Learn more about Disaster Loan program information by visiting http://www.sba.gov/services/disasterassistance/
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