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NEW YORK (AP) — The U.S. Small Business Administration could run out of money to fund disaster loans in the wake of Hurricane Helene’s devastation. As is typical after a disaster, the ...
The Small Business Administration could run out of money to fund disaster loans in the wake of Hurricane Helene's devastation. ... The SBA is offering disaster loans for small businesses in some ...
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.
“SBA is currently supporting more than 400 total disaster declarations across the nation and managing a portfolio of 2.5 million loans valued at $285 billion,” she said at the hearing, also ...
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with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub.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 ...
Sep. 27—ATLANTA — Georgia survivors of Hurricane Idalia who apply for disaster assistance from FEMA may be referred to the U.S. Small Business Administration (SBA) with information on how to ...
The Employee Retention Credit was also available to businesses affected by Hurricane Katrina, Hurricane Rita, and Hurricane Wilma in 2005. [39] [40] In order to be eligible, a businesses must have conducted an active trade or business in the Gulf Opportunity Zone, [r] the Rita Gulf Opportunity Zone, [s] or the Wilma Gulf Opportunity Zone. [t]
When a county has been declared a disaster area, by either the President or the Secretary of Agriculture, farmers in that county may become eligible for low-interest emergency disaster (EM) loans under the Emergency Disaster Loan Program. The loans are available through the Farm Service Agency (formerly Farmers Home Administration). EM loan ...