Millard County Chronicle | 1949-03-10 | Page 1 | RFC Authorized Now to Make Disaster Loans

RFC Authorized Now To Make Disaster Loans Utahns suffering heavy losses due to the unprecedented snow storms andor resulting flood conditions i are eligible for emergency loans through the Salt Lake City Loan 1 Agency of the Reconstruction Finance Fi-nance corporation. G. L. Leaver, agency manager advised that RFC's board of directors direc-tors have declared Utah a disaster area and have authorized him to accept applications for disaster loans from people suffering from catastrophes brought on by the heavy snow storms-and attending floods. With respect to agricultural loans either for crop production or restocking re-stocking purposes, Mr. Leaver emphasized em-phasized that applicants must first make every effort to obtain necessary neces-sary funds through their local bank and other lending institutions, including in-cluding the Department of Agriculture Agri-culture before applying to RFC for a loan, since it is not intended that the corporation make loans when such financing can be obtained ob-tained through normal channels.