disaster loan outreach

Otsego County to receive low interest disaster relief loans for Butternut Valley flooding in July Staff Report • Special to www.AllOTSEGO.com As a result of severe flooding that affected the Butternut Valley area in July, the Small Business Administration is offering low-interest loans to businesses and residents affected by the flooding. Businesses may borrow up to $2 million for repairs and $200,000 for homeowners to replace and repair real estate as well as $40,000 for personal property. Interest rates are…