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Businesses in 3 NH counties can get disaster loans

By The Associated Press
Published: Sep 01, 2009 12:00 am
CONCORD, N.H. (AP) - The U.S. Small Business Administration is making disaster loans available to small businesses, small agriculture cooperatives and most private non-profits in three New Hampshire counties hit by floods in June.

The loans are available in Carroll, Rockingham and Strafford counties because they are contiguous to one or more Maine counties named in a disaster declaration. The New Hampshire counties border York, Cumberland and Oxford counties in Maine.

Businesses and non-profits that suffered a direct financial loss as a result of excessive rain and flooding from June 19-30 may qualify for low-interest loans of up to $2 million.

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Comments

bendjamin says

First let's agree that these "loans" carry very little if any interest, and generally, are rarely paid back. Business have many tax loopholes to escape paying federal "loans." Next welfare is defined as betterment of person and NOT the money given to someone. That part of the definition has been "hi-jacked" by extreme right wing wacko's like yourself. I used the term corporate welfare simply because there isn't a simple term to describe the enormous largess given corporations by the government, and most people understand what I was referring to. I'm sorry I could not dummy it down enough for you to understand, I tried.
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Posted 4 days ago (permalink)

David Hughes says

Tron, when they give it away it's welfare, when it's a loan that needs to be paid back, not so much. Perhaps the problem with the welfare system is that people don't understand the word.

Posted 11 weeks ago (permalink)

rstonge says

Tron, the first line says "disaster loans available" which means they business will have to pay it back. Where if it was truly welfare, they would not. It is by definition impossible to give welfare to a business The definition of welfare "financial or other assistance to an individual or family from a city, state, or national government" from dictionary.com. Welfare is paid to individuals and families not to businesses. I think David is right.

The term "corporate welfare" has been hi-jacket by the left. Here is how those on the left define welfare. If a company gets to keep more of what they earned, that is considered "welfare". But if an individual who does not pay income tax gets money back, that is considered a "refund". How can you get a income tax refund, if one does not pay income tax.

Posted 11 weeks ago (permalink)

tron's picture

tron says

First let's agree that these "loans" carry very little if any interest, and generally, are rarely paid back. Business have many tax loopholes to escape paying federal "loans."

Next welfare is defined as betterment of person and NOT the money given to someone. That part of the definition has been "hi-jacked" by extreme right wing wacko's like yourself. I used the term corporate welfare simply because there isn't a simple term to describe the enormous largess given corporations by the government, and most people understand what I was referring to. I'm sorry I could not dummy it down enough for you to understand, I tried.

Posted 11 weeks ago (permalink)

rstonge says

Tron, it is nice to see that you are quick to go into to the gutter with name calling, "extreme right wing wacko's like yourself". I guess if you cannot make your point with facts, I guess restoring to name calling is all you have left. Classy, very classy.

Posted 11 weeks ago (permalink)

tron's picture

tron says

Perhaps YOUR confused with the difference between people where it's a matter of life or death versus businesses not so much. MAYBE if people like you would understand the difference we wouldn't be in this mess!

Posted 11 weeks ago (permalink)

David Hughes says

http://online.wsj.com/article/SB124571672694839297.html

Mr. Baldacci's snappy reply: "Without employers, you don't have employees." He adds: "The best social services program is a job."

The thinking on how to best help people on welfare is to prevent them from needing it in the first place by ensuring they don't fall into such dire straights to begin with. Lay off the bitterness Tron and give it some thought, will you?

Posted 11 weeks ago (permalink)

tron's picture

tron says

More corporate welfare? When will it stop?

Posted 11 weeks ago (permalink)

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