SBA Exhausts Funds for New Disaster Loans
WASHINGTON – Today, the SBA announced that it has exhausted funds for its disaster loan program after warnings that funding would soon run out following increased demand from Hurricane Helene. Until Congress appropriates additional funds, the SBA is pausing new loan offers for its direct, low-interest, long-term loans to disaster survivors. However, SBA is encouraging individuals and small businesses to continue to apply for loans given assurances from congressional leaders that additional funding will be provided upon Congress’s return in November.
U.S. SBA Disaster Loans Available for Businesses Impacted by Recent Hurricanes
In response to hurricanes Helene and Milton, the U.S. Small Business Administration (SBA) remains committed to supporting small businesses and residents impacted by the storm. Below are SBA assistance programs available to your business if you are in one of the affected areas of these natural disasters.
Access to Capital
SBA Exhausts Funds for New Disaster Loans
WASHINGTON – Today, the SBA announced that it has exhausted funds for its disaster loan program after warnings that funding would soon run out following increased demand from Hurricane Helene. Until Congress appropriates additional funds, the SBA is pausing new loan offers for its direct, low-interest, long-term loans to disaster survivors. However, SBA is encouraging individuals and small businesses to continue to apply for loans given assurances from congressional leaders that additional funding will be provided upon Congress’s return in November.
U.S. SBA Disaster Loans Available for Businesses Impacted by Recent Hurricanes
In response to hurricanes Helene and Milton, the U.S. Small Business Administration (SBA) remains committed to supporting small businesses and residents impacted by the storm. Below are SBA assistance programs available to your business if you are in one of the affected areas of these natural disasters.
Access to Capital
Filters
Search By
Industries
Topics
Audiences
SBA To Refer PPP and COVID-19 EIDL Borrowers to U.S. Treasury Department and the IRS for Collection
The U.S. Small Business Administration (SBA) has begun referring defaulted Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan (EIDL) borrowers to the U.S. Treasury Department and the Internal Revenue Service for collection....
Financial Management
Submit a Blog Post
Are you a certified MBE that wants to highlight your success? Or a corporate member that wants to showcase your MBE programming? Feature your content on the NMSDC blog and we will lift it up on the national stage.