Small business disaster loan program said to be in danger of running out of funds by end of month

The Afternoon WireWhat to know about Hurricane Milton as it moves toward Florida's Gulf CoastWhat polling shows about Black voters' views of Harris and TrumpPatrick Mahomes throws for 331 yards, Derek Carr hurt as Chiefs shut down Saints for 26-13 victoryOprah Winfrey selects Lisa Marie Presley's posthumous memoir as her next book club selectionUS disaster relief chief blasts false claims about Helene response as a 'truly dangerous narrative'FACT FOCUS: Claims that more than...

As is typical after a disaster, the government is offering aid to small businesses that were in Helene’s path. The SBA is offering disaster loans for small businesses in some counties in Florida, Georgia, North Carolina, South Carolina, Tennessee and Virginia.In a statement, the SBA said that it will continue sharing information about its disaster loan programs and assisting borrowers with initial processing and servicing loans.

As it stands, business owners can apply for two different types of disaster loans. Business physical disaster loans are for repairing or replacing disaster-damaged property, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible. Businesses have until the end of November to apply for these loans.

Businesses can access loans up to $2 million. Interest rates are as low as 4% for businesses and 3.25% for nonprofit organizations.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

House Republican urges Small Business Administration to enhance rural outreachPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Fuente: dcexaminer - 🏆 6. / 94 Leer más »

Ohio named 1 of the top places to start a small business, study showsReporter at News 5 Cleveland
Fuente: WEWS - 🏆 323. / 59 Leer más »

Small business owners facing 'double whammy' amid Hurricane Helene cleanupRooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
Fuente: 10News - 🏆 732. / 50 Leer más »

Small business owners turn more bullish amid Fed interest rate cuts: CNBC surveyThe Federal Reserve’s decision to cut interest rates leads to greater confidence among small business owners, many of whom say they will increase…
Fuente: NBCNewYork - 🏆 270. / 63 Leer más »

Five Things Small Business Owners Can Do To Prepare For The ElectionAmy Shoenthal is the USA TODAY bestselling author of The Setback Cycle, a book about how today's most extraordinary founders and leaders work through their most defining moments. She is also a sought after speaker, from TEDx to keynotes.
Fuente: ForbesWomen - 🏆 477. / 51 Leer más »

Small business in America: 'Overall mood is fairly pessimistic'Small business optimism took a hit last month, with owners seeing lower earnings and growing less confident about the short-term future.
Fuente: komonews - 🏆 272. / 63 Leer más »