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Provided Congress makes funds available, SBA can make disaster loans up to $500,000 to homeowners to repair or replace disaster-damaged or destroyed real estate. Homeowners and renters may be ...
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.
The Small Business Administration (SBA) has roughly $50 million left for new disaster loans, and the agency says it expects funds to be depleted soon, potentially before Congress returns from ...
The SBA also offers disaster loans up to $500,000 to homeowners to repair or replace disaster-damaged or destroyed real estate. Homeowners and renters are eligible for up to $100,000 to repair or ...
“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with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub.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 ...
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 ...
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