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Business Beat

March 2, 2013

DEP to hold meeting on boat-cleaner certification

The New York City Department of Environmental Protection will conduct an informational meeting March 8 to review its recreational boating program with steam-cleaning vendors and those interested in becoming DEP-certified vendors.

The meeting will be held from 10 a.m. to noon at the Catskill Watershed Corp. offices at 905 Main St. in Margaretville.

DEP will explain details of the new trolling-motor pilot program for fishing boats at the Cannonsville Reservoir, and the meeting will include training on how trolling motors should be cleaned by vendors.

DEP requires all boats to be steam cleaned by a certified vendor before they are used on city reservoirs to prevent the spread of invasive species that can affect water quality.

Anyone interested in attending should call John Staby at (845) 340-7811 or Peggy Heitzman at (845) 340-7873. For more information about the new trolling-motor pilot program visit: www.nyc.gov/html/dep/html/press_releases/13-003pr.shtml.

SBC wants to ease loan rules

Borrowers and lenders of loans backed by the U.S. Small Business Administration would have greater access to capital and less paperwork as a result of a proposed regulation aimed at streamlining the application process, according to a press release from the agency.

Among the proposed changes are:

• Eliminating the personal resource test: A borrower would no longer be required to obtain a maximum level of personal finance resources for a 7(a) or 504 loan.

• Revising the rule on affiliation: This would open access to SBA loans to businesses that, under current rules, would not qualify as a small business under SBA’s size standards by virtue of their association with other companies.

• Eliminating the nine-month rule for the 504 loan program: This would remove a restriction that limits a business to include in its 504 project only expenses incurred nine months prior to submitting the loan application.

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