Small business disaster loan program is out of money until Congress approves new funds

FILE - Leona Mangan of Lakeworth, Fla., holds a sign as she gathers with other supporters of former President Donald Trump outside his Mar-a-Lago estate in West Palm Beach, Fla., March 21, 2023.

Read full article: Keep your drink cold longer with these tumblers. See more Insider Deals here.Here’s how these silky, moisture-wicking sheets will give you your best sleep yetBusinesses are seen in a debris field in the aftermath of Hurricane Helene, Wednesday, Oct. 2, 2024, in Chimney Rock Village, N.C.

“We know that swift financial relief can help communities recover quickly to stabilize local economies.” Guzman said in a statement. She added that the SBA will continue to process applications so assistance can be quickly disbursed once funds are replenished. “There’s no question these devastating back-to-back storms have stressed the SBA funding program,” Johnson, a Republican, said in a statement. “But the Biden-Harris Administration has the necessary disaster funding right now to address the immediate needs of American people in these hurricane affected areas.”

The SBA offers 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. Economic injury disaster loans are working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations meet financial obligations that cannot be met as a direct result of a disaster.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Congress must stop this small-business tax hikeState director for the National Federation of Independent Business in Texas says Congress should pass the Main Street Tax Certainty Act.
Fonte: dallasnews - 🏆 18. / 71 Consulte Mais informação »

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.
Fonte: FoxBusiness - 🏆 458. / 53 Consulte Mais informação »

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.
Fonte: NPR - 🏆 96. / 63 Consulte Mais informação »

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.
Fonte: KPBSnews - 🏆 240. / 63 Consulte Mais informação »

DePIN Promises Small Business Innovation in Emerging MarketsAyush Ranjan co-founded Huddle01 in September 2020 and currently serves as its CEO. His work is focused on building the first decentralized communication network, aiming to make WebRTC and real-time communication more accessible.
Fonte: CoinDesk - 🏆 291. / 63 Consulte Mais informação »