Loan OKed for Erway's

A small business loan has purchase

been approved for Timothy

Haley for the purchase of a long-time west Coudersport business.

Haley will borrow $200,000 toward the purchase of Erway's Family Restaurant and Market, along the Port Allegany Road (U.S. Rt. 6).

The low-interest loan was among $13 million in financial aid announced by the office of Gov. Ed Rendell as part of a statewide economic stimulus package.

Allegany Valley Management LLC of McKean County received a $200,000 loan to renovate a former assisted living facility into 16- room inn, to be known as Heritage Suites.