Economic Injury Loans from Last Year’s Extreme Winter Weather Still Available until February 15th
The 2014-2015 winter season shattered snow total records all throughout New England, reaching an all-time total of 108.6 inches in Boston. A polar vortex blanketed the region, coupling the snowfall with extreme cold temperatures – that all but crippled Commonwealth small businesses. The weight of the snow accumulating on top of buildings destroyed businesses beyond recovery – some businesses survived, some did not.
Leominster-based Shancakes is one of the resilient businesses that turned to SBA’s Economic Injury Disaster Loan program for a lifeline to get through these historically tough times. Owner Shannon Sylvia recalled, “My staff and I still needed to work – I was still expected to make payroll, even though our walk-in business was greatly affected.”
In the retail bakery business – shelves must be stocked with fresh baked goods every day, in case of... Read More