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

Posted under: SMB
Date: 2024-10-09
Small business disaster loan program said to be in danger of running out of funds

The Small Business Administration could run out of money to fund disaster loans in the wake of Hurricane Helene's devastation. In a statement, the SBA said that it will continue sharing information about its disaster loan programs and assisting borrowers with initial processing and servicing loans. But if funding lapses, all new offers would be held back and delayed until program funding is replenished.

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