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‘No money left’ for US disaster loans after hurricane double-whammy - Global Construction Review

Summary by globalconstructionreview.com
The US Small Business Administration (SBA), a federal agency, said this week it has no money left for disaster loans after two destructive hurricanes, Helene and Milton, ripped through southeastern US states inside a three-week period from 26 September. With more than 40,000 loan applications from businesses and householders pending, SBA said on Tuesday (15 October) that it had “exhausted funds” for its direct, low-interest, long-term loans be…
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