Emergency Loans Available for Massachusetts Businesses Hurt by Gas Blasts


A $1 million emergency loan fund has been set up for Massachusetts businesses directly impacted by a series of natural gas explosions and fires.

Republican Gov. Charlie Baker and officials from Lawrence, Andover and North Andover announced the fund on Friday.
No payment shall be made and interest will not be paid in the first six months of each loan granted to the eligible enterprises. If the loan lasts for more than six months, the market rates will prevail.

Also Friday, Democrat You s. Elizabeth Warren and Edward Markey said the Senate Trade, Science and Transport Committee had decided to hold a probation hearing in the September 13 disaster in Massachusetts. No date has been set for the hearing.

The explosions killed one person, wounded 25, and destroyed or destroyed dozens of homes and businesses.

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