[Federal Register Volume 61, Number 186 (Tuesday, September 24, 1996)]
[Notices]
[Page 50068]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-24416]


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SMALL BUSINESS ADMINISTRATION
[Declaration of Disaster Loan Area #2896]


Puerto Rico; Declaration of Disaster Loan Area

    As a result of the President's major disaster declaration on 
September 11, 1996, I find that the Municipalities of Arroyo, Bayamon, 
Canovanas, Carolina, Cayey, Ceiba, Guayama, Guaynabo, Gurabo, Las 
Piedras, Loiza, Maunabo, Ponce, Rio Grande, Salinas, San Lorenzo, San 
Juan, Santa Isabel, Toa Baja, and Yabucoa in the Commonwealth of Puerto 
Rico constitute a disaster area due to damages caused by Hurricane 
Hortense beginning on September 9, 1996 and continuing. Applications 
for loans for physical damages may be filed until the close of business 
on November 11, 1996, and for loans for economic injury until the close 
of business on June 11, 1997 at the address listed below: U.S. Small 
Business Administration, Disaster Area 1 Office, 360 Rainbow Blvd. 
South, 3rd Fl., Niagara Falls, NY 14303 or other locally announced 
locations. In addition, applications for economic injury loans from 
small businesses located in the following contiguous municipalities may 
be filed until the specified date at the above location: Adjuntas, 
Aguas Buenas, Aibonito, Caguas, Catano, Cidra, Coamo, Comerio, Dorado, 
Fajardo, Humacao, Jayuya, Juana Diaz, Juncos, Luquillo, Naguabo, 
Naranjito, Patillas, Penuelas, Toa Alta, Trujillo Alto, and Utuado in 
the Commonwealth of Puerto Rico.
    Interest rates are:

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                                                                 Percent
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For physical damage:                                                    
  Homeowners with credit available elsewhere..................     8.000
  Homeowners without credit available elsewhere...............     4.000
  Businesses with credit available elsewhere..................     8.000
  Businesses and non-profit organizations without credit                
   available elsewhere........................................     4.000
  Others (including non-profit organizations) with credit               
   available elsewhere........................................     7.125
For economic injury:                                                    
  Businesses and small agricultural cooperatives without                
   credit available elsewhere.................................     4.000
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    The number assigned to this disaster for physical damage is 289608 
and for economic injury the number is 918400.

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

    Dated: September 16, 1996.
Bernard Kulik,
Associate Administrator for Disaster Assistance.
[FR Doc. 96-24416 Filed 9-23-96; 8:45 am]
BILLING CODE 8025-01-P