The Small Business Administration has exhausted its funds for disaster assistance loans, delaying aid for small businesses, homeowners, and renters.
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00:00The Small Business Administration has exhausted its funds for disaster assistance loans,
00:05delaying aid for small businesses, homeowners and renters impacted by Hurricanes Helene and Milton.
00:11The SBA provides economic injury disaster loans to those affected by disasters,
00:15but warned earlier this month, without additional support from Congress,
00:19that it might run out of funds due to the surge in claims from Hurricane Helene.
00:24While SBA loans are currently unavailable, other relief programs remain unaffected,
00:29and FEMA continues to provide aid despite the SBA's shortfall.