By Steve Kastenbaum, CNN
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(CNN) – A few hundred people filled the parking lot at the Fairway supermarket on the waterfront in the Red Hook section of Brooklyn, NY last Friday morning.
The store is reopening four months after it was flooded by Superstorm Sandy’s storm surge.
Owner Howard Glickberg says it took millions of dollars to repair the Fairway supermarket.
[2:06] “We’re lucky. We had the resources to open up this store. Luckily we had full insurance coverage. Other business owners didn’t have flood insurance. They didn’t have money to back them up. And a lot of businesses just aren’t going to open up again.”
Thousands of small business owners along the East Coast are fighting that with all their strength. St. John Frizell owns a restaurant in the neighborhood called Fort Defiance.
[2:46] “I just applied for the Federal loan, the SBA loan. I haven’t heard back from them. I’m not hopeful. I did not qualify for the loan through the city. That loan I was not eligible for. The reason given was insufficient cash flow.”
Carlos Menchaca, who organizes relief in Red Hook through the City Council says that’s the norm here.
[3:51] “We’re hearing that… over 60 percent of people who are applying for small business loans are being rejected and that’s absolutely ridiculous. These are government dollars that have been put into the recovery that aren’t getting into the hands of small businesses that need it.”