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.
SBA Administrator Isabel Casillas Guzman said people should keep applying for the loans, however. We know that swift financial relief can help communities recover quickly to stabilize local economies.
The SBA has received around 37,000 applications for relief from those impacted by Hurricane Helene and made more than 700 loan offers totaling about $48 million.
The SBA will continue to process applications so assistance can be quickly disbursed once funds are replenished, indicating a commitment to support those affected by the hurricanes.
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