The U.S. Small Business Administration (SBA) announced today that it has exhausted available funds for its disaster loan program due to the high demand for financial relief following Hurricane Helene.
As a result, the SBA is pausing new loan offers for its low-interest, long-term disaster loans until Congress appropriates additional funding.
However, the SBA is encouraging disaster survivors, including individuals and small businesses, to continue submitting loan applications, with assurances from congressional leaders that more funds will be allocated once Congress reconvenes in November.
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