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Disaster loan information and application forms can also be obtained by calling the SBA's Customer Service Center at 800-659-2955 (if you are deaf, hard of hearing, or have a speech disability ...
Jan. 21—The U.S. Small Business Administration has distributed more than $257.3 million in disaster loans for 1,391 applicants who sustained property damage from the Aug. 8 wildfires and high ...
WASHINGTON — On Thursday, the U.S. Small Business Administration (SBA) announced that it has exhausted funds for its disaster loan program after warnings that funding would soon run out ...
The Robert T. Stafford Disaster Relief and Emergency Assistance Act, commonly known as the Stafford Act, [1] is a 1988 United States federal law designed to bring an orderly and systematic means of federal natural disaster assistance for state and local governments in carrying out their responsibilities to aid citizens. Congress's intention was ...
ARC loans are made by participating commercial SBA lenders. The SBA will pay these banks a monthly interest rate throughout the term of the loan. ARC loans will be offered by some SBA lenders for as long as funding is available or until September 30, 2010, whichever comes first. The program officially ended effective September 16, 2010. [4]
The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I ...
Expense Deductions: Businesses can deduct immediate repair and restoration costs, reducing the overall financial impact of the disaster. Low-Interest Loans: The Small Business Administration (SBA ...
The U.S. Small Business Administration said on Tuesday it has exhausted funds for its disaster loan program following increased demand from Hurricane Helene, with the U.S. Congress being in recess.
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