Businesses affected by Lexington-Purcell bridge closure denied loans

BY THE ASSOCIATED PRESS Published: April 17, 2014
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Gov. Mary Fallin says she is disappointed the U.S. Small Business Administration denied her request for loans that would help two Oklahoma towns affected by an emergency bridge closure.

Fallin said on Thursday the denial was based on the fact that the Jan. 31 bridge closure does not meet the definition of a disaster declaration.

The governor requested the declaration for Cleveland and McClain counties on April 7. Approval would have allowed business owners in McClain and Cleveland counties to apply for federally subsidized loans.

The closure has resulted in a 45-minute one-way trip between Lexington and Purcell. The bridge scheduled to reopen June 14.

Businesses have been adversely impacted by the bridge closure, which in turn had resulted in loss of sales tax revenue.



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