Disaster loans opened to California’s Dungeness crab fishermen, businesses
The U.S. Small Business Administration announced that low-interest disaster loans are now available to commercial anglers and other businesses affected by the continued closure, which stems from a potentially deadly neurotoxin affecting the fishery. The loans, which max out at $2 million, with 4 percent interest, are the first significant help extended to crabbers, seafood processors and others who have been economically devastated by the foregone season. California crab landings are usually worth about $60 million a year or more.,, It does not appear that deckhands, who often work as contracted employees, would qualify for the business loans. Those workers comprise a group that is among the most desperate amid the crab closure. Read the rest here 06:54
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