The Small Business Administration is making some changes to its Office of Disaster Assistance as part of a broader effort to strengthen the agency's disaster relief efforts.
From January 2021 to December 2022, the SBA approved more than $4.3 billion in disaster loans and supported federal response efforts to 337 natural disasters in fiscal 2022 alone, according to the SBA. In 2022, the United States experienced 18 separate weather or climate disasters that each resulted in at least $1 billion in damages.
ata from the SBA shows the agency made 62,000 loans totaling $43 billion across its 7, 504 and microloan programs, as well as 1,200 investments through SBA-licensed Small Business Investment Companies.
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