Yet Israel and Ukraine are eating well.
Going to need another continuing resolution before election day. (/sarcasm /not sarcasm>
https://www.forbes.com/sites/mollybohannon/2024/10/15/small-business-administration-disaster-fund-has-run-out-of-money-after-hurricanes-milton-and-helene/
The Small Business Administration's disaster loan program has depleted its funds following two back-to-back hurricanes, the administration announced Tuesday, which will likely slow recovery operationsthough people impacted by Hurricanes Milton and Helene were encouraged to keep applying for loans.
The SBA said in a press release it is out of funds and will pause new direct loan offers to disaster survivors until Congress appropriates additional fundsthough Congress is currently on recess until November.
The loan portal will remain open despite SBA having no funds, and people and small businesses in disaster areas are encouraged to continue applying for loans as the agency will keep processing their applications.
President Joe Biden echoed SBA's recommendation that people should still apply for loans, saying in a statement House Speaker Mike Johnson, R-La., "has promised that this and other disaster programs will be replenished when Congress returns," The Washington Post reported.
The SBA said despite there being no more funds, it may make "a small number of new loan offers during this time" from funds that become available through loan cancellations.
Going to need another continuing resolution before election day. (/sarcasm /not sarcasm>
https://www.forbes.com/sites/mollybohannon/2024/10/15/small-business-administration-disaster-fund-has-run-out-of-money-after-hurricanes-milton-and-helene/
The Small Business Administration's disaster loan program has depleted its funds following two back-to-back hurricanes, the administration announced Tuesday, which will likely slow recovery operationsthough people impacted by Hurricanes Milton and Helene were encouraged to keep applying for loans.
The SBA said in a press release it is out of funds and will pause new direct loan offers to disaster survivors until Congress appropriates additional fundsthough Congress is currently on recess until November.
The loan portal will remain open despite SBA having no funds, and people and small businesses in disaster areas are encouraged to continue applying for loans as the agency will keep processing their applications.
President Joe Biden echoed SBA's recommendation that people should still apply for loans, saying in a statement House Speaker Mike Johnson, R-La., "has promised that this and other disaster programs will be replenished when Congress returns," The Washington Post reported.
The SBA said despite there being no more funds, it may make "a small number of new loan offers during this time" from funds that become available through loan cancellations.