Small business affected by the steam pipe explosion in midtown Manhattan on July 18 are now being offered low-interest federal disaster recovery loans by the Small Business Administration.

Businesses of any size can apply for up to $1.5 million in loans to fix damaged property, machinery, equipment, inventory, or other business assets, the agency said.

The move follows the agency's official disaster declaration covering New York County, as well as Bronx, Kings, and Queens counties in New York State and Bergen and Hudson counties in New Jersey.

Published on: Jul 30, 2007