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SBA Irene disaster loans available for Bennington, Windham counties

first_imgATLANTA, Oct. 12, 2011 /PRNewswire-USNewswire/ — The US Small Business Administration announces today that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Bennington and Windham counties in Vermont as a result of  excessive rain and high winds associated with Tropical Storm Irene that occurred on Aug 28 ‘ 31, 2011.”These counties are eligible because they are contiguous to one or more primary counties inMassachusetts .  The Small Business Administration recognizes that disasters do not usually stop at county or state lines. For that reason, counties adjacent to primary counties named in the declaration are included,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta.”When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to assist eligible entities affected by the same disaster,” said Skaggs.Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquacultural enterprises, agricultural producers, farmers and ranchers are not eligible to apply to SBA.Loan amounts can be up to $2 million, with interest rates of 3 percent for non-profit organizations and 4 percent for small businesses.  Terms can be up to 30 years.  The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources.  The agency sets loan amounts and terms based on each applicant’s financial condition.  These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.  The loans are not intended to replace lost sales or profits.Disaster loan information and application forms may be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email [email protected](link sends e-mail).  Loan applications can be downloaded from the SBA’s website atwww.sba.gov(link is external).  Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.Those affected by the disaster may also apply for disaster loans electronically from SBA’s website athttps://disasterloan.sba.gov/ela/(link is external).Completed loan applications must be returned to SBA no later than May 22, 2012.For more information about the SBA’s Disaster Loan Program, visit www.sba.gov(link is external) last_img read more

Essar Ports’ Cargo Volumes Prosper in Q1

first_imgIndia’s port operator Essar Ports posted a record 19.62 million tons of cargo in the quarter ending June 30, 2017.This represents a growth of 12% when compared to the cargo handling in the corresponding four-month period of the previous fiscal year, as explained by Essar Ports.For dry and unit cargo, the performance was better, with the company recording a 32% growth.“The substantial growth in traffic at the company’s three dry bulk ports in Hazira, Paradip and Vizag, came on the back of heightened activity and capacity utilisation of Essar Steel,” Essar Ports said.What is more, the overall growth in traffic was helped by the 60% increase in third-party cargo volumes during the quarter, according to the company.As informed, the dry bulk terminal at Paradip Port saw a 131% rise in cargo handling.Commenting on the performance, Rajiv Agarwal, CEO & MD, Essar Ports, said: “FY18 has started on a promising note for Essar Ports. Handling 19.62 million tonnes of cargo in Q1 itself is an encouraging sign and we are confident of sustaining our performance and grow throughout the year.”Essar Ports, which has five operational port terminals at Hazira, Vadinar, Paradip, Salaya and Visakhapatnam, currently has a capacity of 140 MTPA. The capacity is to be expanded to 194 MTPA over the next few years.Image Courtesy: Essar Portslast_img read more

Russia approves Mistral carrier sale to Egypt, UAE

first_imgRussia has given France the green light to sell two Mistral helicopter carriers to Egypt and the United Arab Emirates. France was supposed to deliver the carriers to Russia before both countries terminated the contract last month. According to a report by Russian-language newspaper Moskovsky Komsomolets, quoted by Russia Today’s Arabic service, France paid Russia more than one billion euros in compensation for the non-delivery. The deal was terminated after Russia halted payments for the ships following the European sanctions imposed on the country for its alleged involvement in the political crisis in Ukraine.Moskovsky Komsomolets quoted military sources as saying that Egypt had shown interest in purchasing the first carrier with the help of a Russian loan, while the UAE was interested in the second one.Russia Today quoted presidency spokesperson Dmitry Peskov as saying that his country hopes France, now free to use the ships after settling its dues, would take Russian interests into account when reselling the warships to a third party.last_img read more

Iowa, Michigan battle injury bug

first_imgThe start of Big Ten Conference play had the usual array of highlights, miscues, excitements, disappointments and, most notably, surprises.Six undefeated teams started last weekend’s matchups, but only four will enter week two of the conference season, including a head-to-head battle of two undefeated teams when Michigan State visits Wisconsin.The Spartans are the only team yet to play a conference game, and MSU will look to prove the strength of its 4-0 record Saturday.”This will define [the season],” Michigan State head coach Mark Dantonio said. “We may be underdogs for a lot of people, but our players know they’re expected to win.”Confidence sets the tone for a game before the coin is even flipped. After starting the season with two losses, Michigan has strung together two wins, including upsetting then-No. 10 Penn State last weekend. Replacement quarterback Ryan Mallett stepped up his performance to effectively rekindle a spark in Michigan’s offense.”[Mallet] did the things he needs to do,” Wolverine head coach Lloyd Carr said. “He executed extremely well.”Michigan starting quarterback Chad Henne has been cleared to play this weekend against Northwestern, but a doctor’s note alone won’t put Henne back in the driver’s seat of the Wolverines’ offense.”The doctors will leave [playing Saturday] up to Chad, how he feels, and of course, it will depend on what I see and what I think,” Carr said. “We want to make sure that when he comes back that his mobility is there. … We’re not going to do anything that’s going to jeopardize Chad and his ability to react to the pressure that comes with the position.”Injuries, unfortunately, are an unavoidable burden to any team or player. Iowa head coach Kirk Ferentz has had to rewrite his depth chart numerous times already this season due to injury and suspension. Imposing an earlier curfew — a step he took earlier this season — has cleaned up the athletes’ night lives, but there is little he can do to ensure a healthy starting lineup.An already injured Iowa lineup made its way to Madison Saturday, but the Hawkeyes left with even longer list on the injury report.Junior tight end Tony Moeaki will miss the next few weeks of action for Iowa after he dislocated his elbow and broke a bone in his hand on Saturday. Moeaki was joined by wide receiver Andy Brodell on the injury report. But while Moeaki will probably return in a few weeks, Brodell will likely miss the entire remaining season after suffering a torn hamstring.Returning home after a brief road trip in which his team went 0-2, Ferentz is happy to be back among the Hawkeye faithful.”It feels good to be home,” Ferentz said. “It’s going to be a heck of a challenge for our football team, one, getting off the mat, and secondly preparing for a very, very good [Indiana team].”Indiana crosses into Iowa territory this weekend after suffering a loss to Illinois last weekend. “It’s been a couple of days since the game, I’ve had a chance to review it and get on with Iowa,” Indiana head coach Bill Lynch said. “We’re anxious to get going here, practice and get ready for a typically good, tough, hard-nosed Iowa football team.”Lynch is most worried about the Hawkeye defense, including defensive lineman Mitch King.”[King] is really an active player. He’s really good,” Lynch said. “He didn’t play against us last year … but he is a player.”The Iowa fans, 70, 000 strong, are part of the atmosphere Lynch wants for his team and for the college game in general.”It’s 70,000 loud fans in a really tight stadium. The fans are right on top of you,” Lynch said. “It is a great college environment.”Injuries are a severe blow to a team’s confidence on and off the field, but losing a close game has similar effects. Penn State Coach Joe Paterno took all the blame for his team’s 14-9 loss to Michigan, causing a fall from No. 10 to No. 21 in the Associated Press poll. “When you lose a game like that, you can only point the finger at one person. You’ve got to point at the head coach,” Paterno said. “It starts with me. I have to get across to the kids that we’re going to get better, and we are going to get better.”Penn State will look to for that motivation on Saturday when the team takes on Illinois.last_img read more