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Applicants may also call SBA’s Customer Service Center at 800-659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance.
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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 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with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub.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 ...
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 ...
The National Voluntary Organizations Active in Disaster (National VOAD, or NVOAD) is a coalition of the major national voluntary organizations in the United States that have made disaster-related work a priority. National VOAD member agencies provide skilled direct services along the continuum from disaster prevention and preparation to ...
SBA loan statistics. According to the SBA, at the end of 2023 fiscal year:. $27.5 billion in SBA 7(a) loans was approved. Almost 70 percent of 7(a) loans were for amounts under $350,000
According to the SBA weekly summary report, fewer than 60,000 businesses were approved for 7(a) loans in 2023 — and only around 6,000 SBA loans were approved for 504 loans, highlighting how the ...