Small Business Administration’s disaster fund tapped out after Helene and Milton

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The SBA will halt its dispersion of loans until new funding is approved by Congress, which is out of session until Nov. 12. Officials have said that Congress will not be called back early despite the assistance of some to better deal with the back-to-back hurricanes.

The SBA assists renters, homeowners, and businesses recover after natural disasters. Those with existing loans will continue to receive payments, but no new loans can be issued.

 

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