While we await Congress to provide much-needed funding, we strongly encourage eligible businesses and households to apply for SBA disaster loans. SBA will continue to support homeowners, renters, businesses and nonprofits in processing their applications to ensure they receive assistance quickly once funds are replenished.
President Biden said in a statement that Americans affected by recent disasters should still apply for the loans, and that Republican House Speaker Mike Johnson has promised the program would be replenished when Congress returns after the election.
The SBA added that the pause of disaster assistance loans it offers to small businesses, homeowners and renters will remain until Congress approves more funding. The SBA will process applications in the meantime, and disburse the funds when Congress provides the money.
The SBA offers loans to businesses and people affected by disasters, as well as disaster assistance for homeowners, renters, nonprofits, and businesses of all sizes affected by Hurricane Helene.
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