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.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Small business disaster loan program is out of money until Congress approves new fundsThe 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.
Source: wjxt4 - 🏆 246. / 63 Read more »
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.
Source: dallasnews - 🏆 18. / 71 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 »
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.
Source: NPR - 🏆 96. / 63 Read more »
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.
Source: KPBSnews - 🏆 240. / 63 Read more »