WASHINGTON — The Small Business Administration said on Tuesday it has exhausted funds for its disaster loan program following increased demand from Hurricane Helene, with Congress being in recess. “Until Congress appropriates additional funds, the SBA is pausing new loan offers for its direct, low-interest, long-term loans to disaster survivors,” the SBA said in a statement.
“However, SBA is encouraging individuals and small businesses to continue to apply for loans given assurances from congressional leaders that additional funding will be provided upon Congress’ return in November.” The devastating Hurricane Helene killed more than 200 people in six U.S. states, nearly half of the victims in North Carolina alone.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Small Business Administration has run out of funds following Hurricanes Helene and MiltonThe Small Business Administration has run out of money for its disaster assistance loans, delaying critical relief for people applying for aid in the wake of Hurricanes Helene and Milton.
Source: FoxBusiness - 🏆 458. / 53 Read more »
House Republican urges Small Business Administration to enhance rural outreachPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Source: dcexaminer - 🏆 6. / 94 Read more »
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.
Source: 10News - 🏆 732. / 50 Read more »
Republicans blast Small Business Administration over $100M taxpayer-funded 'boondoggle'The Small Business Administration is receiving sharp criticism from the top Republicans on the Small Business committees in Congress over its handling of a $100 million program.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Small Business Administration runs out of funding for disaster relief loans after hurricanes Helene, MiltonThe Small Business Administration offers Economic Injury Disaster Loans to businesses and people affected by disasters.
Source: CBSNews - 🏆 87. / 68 Read more »