Inside Long Island Business
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NYS small business emergency loan fund established
Photo credit: AP
Two New York State business organizations have established a $10 million fund to aid small businesses still suffering from the devastation that superstorm Sandy left two weeks ago.
Small businesses with fewer than 100 employees will be able to apply for loans of up to $25,000. Business owners will pay no interest for the first six months and then one percent interest for the next two years.
That...
