Small Business Administration runs out of funding for disaster relief loans after hurricanes Helene, Milton

The Small Business Administration has run out of money for its disaster assistance loans, delaying much needed relief for people applying for aid in the wake of the destruction caused by hurricanes Helene and Milton.The SBA offers Economic Injury Disaster Loans to businesses and people affected by disasters. The organization said earlier said it expected to run out of funding by the end of the month. Congress can approve more funds, but doesn't reconvene until Nov. 12.

'The SBA's loan application portal remains open, the agency's disaster centers and in-person staff remain deployed across the country, and it will continue to accept new applications and ready borrowers to get their disaster loan offers as soon as possible once Congress appropriates funds.So far, the SBA has seen around 37,000 applications for relief submitted from those impacted by Hurricane Helene and 12,000 applications for those impacted by Hurricane Milton.

Portugal Últimas Notícias, Portugal Manchetes

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

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

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.
Fonte: 10News - 🏆 732. / 50 Consulte Mais informação »

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