Small firms thrive with incentive from SBA

Mar 12, 2012 | Posted by: roboblogger | Full story: Buffalo News

The Orleans County village of Holley is getting a new grocery store, thanks to a $171,167 state grant and a $775,000 bank loan, backed by a 75 percent guarantee from the U.S. Small Business Administration.

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Joe Friday

AOL

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#1
Mar 13, 2012
 

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Here i thought the owners of save alot opened this store with their own money. WOW Free grant money and a loan backed by us. Shameful, nobody does nothing on their own anymore with out help from the government. NYS is broke??

What a difference a government loan guarantee can make.

The Orleans County village of Holley is getting a new grocery store, thanks to a $171,167 state grant and a $775,000 bank loan, backed by a 75 percent guarantee from the U.S. Small Business Administration.

That means $581,250 of the loan is effectively “insured” by the federal government, which made it easier for the bank to extend the loan.

The new store in Holley illustrates how the SBA’s loan guarantee programs are designed to help small businesses start or grow, while also benefiting the community at large.

Without the nearly $1 million financial package — and particularly the loan guarantee — the Save-A-Lot grocery chain might not have opened a store in the former Jubilee Foods site at 3 Geddes St.

“The people of Holley should have access to a quality grocery store that provides local farm-fresh products at affordable prices,” said Rep. Kathleen

A. Hochul, D-Amherst, who says she

helped Save-A-Lot pursue federal funding after Holley’s mayor raised the issue to her.

Your Joking

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#2
Mar 24, 2012
 

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Anyone would thrive.... USING OTHER PEOPLES MONEY.
GUNPnf

Niagara Falls, NY

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Mar 24, 2012
 

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Your Joking wrote:
Anyone would thrive.... USING OTHER PEOPLES MONEY.
That might be true BUT when the money is gone , the taxpayers are holding the bill.
Lt Dan

North Tonawanda, NY

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Mar 24, 2012
 

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GUNPnf wrote:
<quoted text>That might be true BUT when the money is gone , the taxpayers are holding the bill.
Dear Drooling Old Fart,

Are you now known as GUNP or did you stroke-finger the keys?

Regards,
Lt. Dan
GUNPnf

Niagara Falls, NY

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#5
Mar 25, 2012
 

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Lt Dan wrote:
<quoted text>
Dear Drooling Old Fart,
Are you now known as GUNP or did you stroke-finger the keys?
Regards,
Lt. Dan
JUST what is your problem ?? A retarded adult or a unrespectable juvenile ? your post shows how really brilliant you are NOTHING BTW how many names do you go by ????

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