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Loans help Somerville flood victims, but city still on hook

In a best-case scenario, the July 10 flood will end up costing the city of Somerville $600,000. For residents and business owners in the city, the calculation is a little more complicated. Homeowners, renters, non-profits and other businesses are all eligible for low-interest loans provided by the Small Business Administration, a federal agency. Somerville has $10 million worth of insurance ...

Written by Yahoo! News Search Results for loans on July 30th, 2010 with comments disabled.
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