Officials from the Small Business Administration expressed concern that the agency would soon exhaust its disaster loan funding, particularly in the aftermath of Hurricane Helene.
Isabel Guzman, the SBA administrator, highlighted the urgent need for Congress to approve additional funding before the agency runs out of money for disaster loans.
The situation poses a significant risk to families and businesses affected by hurricanes, as the lack of funds could delay rebuilding efforts and recovery.
With Congress not reconvening until mid-November, questions loom about timely approval for replenishing the SBA's disaster loan funds.
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