Small business disaster loan program is out of money until Congress approves new fundsSo far, the SBA has received around 37,000 applications for relief from those impacted by Hurricane Helene and made more than 700 loan offers totaling about $48 million. It has received 12,000 applications from those impacted by Hurricane Milton.
House Speaker Mike Johnson assured there would be strong support to provide necessary funds – when Congress returns after the November election. “When Members return in just a few short weeks, the Administration should have an accurate assessment of the actual dollar amount needed and there will be strong bipartisan support to provide the necessary funding,” he said.
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Biden says small business disaster loan program will soon run out of moneyPresident Biden says Congress needs to shore up a small business disaster loans fund, and fast. Meanwhile, the response to Hurricane Helene has become a presidential election issue.
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Biden says small business disaster loan program will soon run out of moneyPresident Biden says Congress needs to shore up a small business disaster loans fund, and fast. Meanwhile, the response to Hurricane Helene has become a presidential election issue.
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