Federal disaster relief program to aid local residents affected by the summer’s floods

Remaining Ad Time Ad - 00:00

BINGHAMTON (WBNG) — When floods swept through our area on August 13th and 14th, Michaelangelo’s Pizzeria and Ristorante was left with some serious damage, which cost a pretty penny to repair.

“The cleanup bill alone for the restaurant portion was $24,000, content cleaning was over $3,000 and woodwork was another $3,000 so it was like a $34,000 bill,” said Michael Hadlick, the owner of Michaelangelo’s.

That’s where the Small Business Administration can come in and potentially save the day, or at least your checkbook.

“SBA representatives are here to see if we can assist the survivors with low interest loans,” said Valerie Cobb, a diaster reservist for the organization.

Even though it’s the Small Business Administration, the name can be a little misleading.

“It is for small businesses but it also includes the community. So the community has homeowners and renters, non-profits also,” Cobb said.

Michaelangelo’s actually used this program after the floods of 2006, and for the restaurant it made all the difference.

“It helped me expand the business and get back on my feet,” Hadlick said.

Homeowners can qualify for up to $240,000 and small businesses up to two million dollars in loans, relief that comes in a timely manner.

“From application to money in hand, it should be around 30 to 45 days,” Cobb said.

Michaelangelo’s had to close for about a week after the August flooding, but with the help of programs like the SBA disaster relief loan, business is booming once again.

“Since then, business is back to normal. Everytime we’ve been closed people are jonesing for our food, and they always come back in full force once we open back up again,” Hadlick said with a smile.

Josh Rosenblatt

Josh Rosenblatt

More News

Your Weather Authority

Lake effect snow expected tonight

Lake effect snow expected tonight

Tonight: Lake effect snow showers. Accumulations: Up to 1” possible in persistent snow over higher elevations and on grass and

Connect With WBNG
Top Stories

Historic Free Coburn Library to add new elevator

The Free Coburn Library in Owego is getting a makeover, adding a brand new elevator to increase library accessibility.

‘Red Carpet Inn’ in Endicott for sale

The owner of the Red Carpet Inn in Endicott says she hopes to either save the business or sell it

Early chill has local road crews preparing for winter weather

(WBNG) — It’s unreal to believe it’s halfway through October, and some late fall chill has already settled in. That

Greater Binghamton Airport hopeful for state funding

Broome County leaders say funding would help the airport tremendously and it's something they continue to apply for.

Endicott man dealing with murky, brown water in home

Jason Shaffer said brown water has been coming out of his shower, faucets, toilets and washing machine for nearly two

Scroll to top
Skip to content