SBA Runs Out of Disaster Loans
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disaster assistance loansCBS News
•Small Business Administration runs out of funding for disaster relief loans after hurricanes Helene, Milton
73% Informative
The Small Business Administration has run out of money for its disaster assistance loans.
The SBA is pausing new loan offers for its direct, low-interest, long-term loans to disaster survivors.
Congress can approve more funds, but doesn't reconvene until Nov. 12 .
SBA Administrator Isabel Casillas Guzman says people should keep applying for the loans.
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