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NBC News

A federal disaster fund has drawn 50,000 applications after twin hurricanes. One problem: It’s out of money.

NBC News
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78% Informative

About 54,000 have applied for low-interest loans from a disaster fund operated by the Small Business Administration .

The money has all dried up, but the applicants would not receive any money until after Congress reconvenes on Nov. 12 .

The SBA disaster loan fund remains a major source of money for businesses obliterated by natural disasters.