Some Hoboken Businesses Struggling Post-Sandy
By Katie Colaneri, WBGO News
November 15, 2012
Some small businesses in Hoboken are still struggling to reopen after Hurricane Sandy, and they say government assistance isn’t coming through for them.
At an information session in Hoboken, representatives from the Small Business Administration or SBA explained its low-cost loans for business owners.
Anastasia Kamper, whose boutique was destroyed, says a loan isn’t good enough.
“If I needed a loan for my loan, I’d go to my bank. We were hoping for some assistance that’s just outright assistance.”
The SBA says loans can help while business owners wait to settle with their insurance companies. But local restaurant owner Eugene Flinn says the key to recovery will be businesses helping other businesses.
“I think it’s going to be very hard for people to pay back loans, but if we harness our resources together and build a greater sense of community, things will happen.”
Flinn’s letting a local caterer use his kitchen, and the city says some of its disaster relief funds may go to help businesses.