[Federal Register Volume 59, Number 64 (Monday, April 4, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-7961]


[[Page Unknown]]

[Federal Register: April 4, 1994]


=======================================================================
-----------------------------------------------------------------------

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster Loan Area #2703]

 

New Jersey; Declaration of Disaster Loan Area

    Cape May County and the contiguous counties of Atlantic and 
Cumberland in the State of New Jersey constitute a disaster area as a 
result of damages caused by a severe Northeastern Coastal Storm which 
occurred on March 2 and 3, 1994. Applications for loans for physical 
damage may be filed until the close of business on May 26, 1994 and for 
economic injury until the close of business on December 27, 1994 at the 
address listed below: U.S. Small Business Administration, Disaster Area 
1 Office, 360 Rainbow Boulevard South, 3rd Floor, Niagara Falls, NY 
14303; or other locally announced locations.
    The interest rates are: 

------------------------------------------------------------------------
                                                                Percent 
------------------------------------------------------------------------
For Physical Damage:                                                    
  Homeowners with credit available elsewhere.................      7.250
  Homeowners without credit available elsewhere..............      3.625
  Business with credit available elsewhere...................      7.700
  Business and non-profit organizations without credit                  
   available elsewhere.......................................      4.000
  Other (including non-profit organizations) with credit                
   available elsewhere.......................................      7.125
For Economic Injury:                                                    
  Businesses and small agricultural cooperatives without                
   credit available elsewhere................................     4.000 
------------------------------------------------------------------------

    The number assigned to this disaster in New Jersey for physical 
damage is 270311 and for economic injury the number is 821300.

(Catalog of Federal Domestic Assistance Program Nos. 59002 and 
59008.)

    Dated: March 25, 1994.
Erskine B. Bowles,
Administrator.
[FR Doc. 94-7961 Filed 4-1-94; 8:45 am]
BILLING CODE 8025-01-M