State makes money available to help with storm recovery

Jul 2, 2012

Small business owners, farmers and other Ohioans affected by severe weather may be eligible for interest rate reductions on loans to recover or rebuild from the storm damage.  Ohio Treasurer Josh Mandel says he's made 25 million dollars available through the state's Renew Ohio & Rebuild Ohio emergency financing programs to help storm victims. The treasurer's office says small business owners and farmers may apply for up to a three percent interest rate reduction on new or existing loans for construction - or to improve cash flow. Homeowners who sustained severe damage or loss can also seek a three percent interest rate reduction.