Latest U.S. Small Business Administration News

Small business disaster loan program is out of money until Congress approves new funds

Oct. 15, 2024 19:13 PM EDT

NEW YORK (AP) — The Small Business Administration has run out of money for the disaster assistance loans it offers small businesses, homeowners and renters, delaying much needed relief for people applying for aid in the wake of the destruction caused by Hurricanes Helene and Milton. ...

Small business disaster loan program said to be in danger of running out of funds by end of month

Oct. 08, 2024 15:13 PM EDT

NEW YORK (AP) — The 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 government is offering aid to small businesses that were in Helene's path. The SBA is offering disaster...