Lockport Union-Sun & Journal Online

Local News

November 15, 2012

Area banks setting up Sandy fund

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Lockport Union-Sun & Journal — “The banking industry understands that the quick recovery of small businesses will be key to the rebuilding of our neighborhoods. We are eager to help in this critical effort so that New York’s small business owners can get back to work, and back to providing goods and services to their communities,” said Michael P. Smith, New York Bankers Association CEO.

To be eligible to receive funding through the program, companies must have filed 2011 business tax returns and have experienced direct damage or economic hardship as a result of Sandy. Applications will be available within the week and businesses are expected to begin to receive funding five to seven days after submitting a complete application and the required documentation.

“Making it easy for small businesses to do great things is what we’re about every day at First Niagara. Therefore, we’re very proud to partner with the governor and our fellow bankers to ensure that local businesses are able to rebuild and recover even faster from the devastation of this storm,” said John R. Koelmel, First Niagara president and CEO.

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