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Small Business Disaster Loan Program is Out of Money Until Congress Approves New Funds

Summary by Arkansas Business
NEW YORK (AP) — 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 for people applying for aid in the wake of the destruction caused by Hurricanes Helene and Milton. The SBA offers Economic Injury Disaster Loans to businesses and people affected by disasters. The SBA warned earlier this month that it could run out of funding, giv…
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