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“The ripple of effect of high fuel prices is having a tremendous impact on everyone,” Governor Rell said. “It is likely that half of the 549 fuel oil dealers in Connecticut will need some assistance to buy their home heating oil from wholesalers. Most of these dealers are small companies with less than five trucks.” Governor Rell said dealers can extend their lines of credit through a program administered through the Connecticut Development Authority. The CDA will provide loan guarantees to fuel oil dealers through its Small Business Loan Guarantee Program (URBANK). The program offers dealers quick access to funds and allows their banks to enroll loans automatically in the URBANK program. “We want to ensure that dealers can provide uninterrupted, reliable service to the thousands of Connecticut households,” Governor Rell said. “With heating oil expected in the $5-a-gallon range, this is just one of many steps we are taking to ease the economic burden that is bearing down on Connecticut families and businesses this winter.” For more information on the loan guarantee program contact the CDA at 860-258-7825 or visit www.ctcda.com © Copyright by NorwalkPlus.com. Some articles and pictures posted on our website, as indicated by their bylines, were submitted as press releases and do not necessarily reflect the position and opinion of NorwalkPlus.com, Norwalk Plus magazine, Canaiden LLC or any of its associated entities. Articles may have been edited for brevity and grammar. Related Articles: New Spanish-language web page provides information on heating assistance - Sep 23, 2008 - 11:56 AM Governor Rell: Projected budget deficit climbs to more than $300 million - Sep 22, 2008 - 6:11 PM Gas price investigation continues with subpoenas to wholesalers - Sep 19, 2008 - 1:27 PM Governor Rell: Consumer Protection probing gas price spikes at Cumberland Farms, other retailers - Sep 16, 2008 - 2:56 PM Shays supports comprehensive energy policy - Sep 15, 2008 - 5:16 PM CURRENT HEADLINES: Top of Page
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