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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.
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 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 ...
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 ...
President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
“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 ...
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