{"id":33512,"date":"2024-10-15T23:11:07","date_gmt":"2024-10-16T04:11:07","guid":{"rendered":"https:\/\/ustower.net\/?p=33512"},"modified":"2024-10-31T22:43:04","modified_gmt":"2024-11-01T03:43:04","slug":"small-business-administration-disaster-loan-program-exhausts-funds-after-hurricane-helene","status":"publish","type":"post","link":"https:\/\/ustower.net\/?p=33512","title":{"rendered":"Small Business Administration disaster loan program exhausts funds after Hurricane Helene"},"content":{"rendered":"\n<p class=\"has-medium-font-size\">WASHINGTON \u2014 The Small Business Administration said on Tuesday it has exhausted funds for its disaster loan program following increased demand from&nbsp;<a href=\"https:\/\/www.nbcnews.com\/weather\/hurricanes\/92-people-still-missing-north-carolina-hurricane-helene-governor-says-rcna175503\">Hurricane Helene<\/a>, with Congress being&nbsp;<a href=\"https:\/\/www.nbcnews.com\/politics\/congress\/mike-johnson-wont-commit-bringing-house-back-election-hurricane-relief-rcna174174\">in recess<\/a>.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">\u201cUntil Congress appropriates additional funds, the SBA is pausing new loan offers for its direct, low-interest, long-term loans to disaster survivors,\u201d the&nbsp;<a href=\"https:\/\/www.sba.gov\/article\/2024\/10\/15\/sba-exhausts-funds-new-disaster-loans\">SBA said<\/a>&nbsp;in a statement.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">\u201cHowever, SBA is encouraging individuals and small businesses to continue to apply for loans given assurances from congressional leaders that additional funding will be provided upon Congress\u2019 return in November.\u201d<\/p>\n\n\n\n<p class=\"has-medium-font-size\">The devastating Hurricane Helene killed more than 200 people in six U.S. states, nearly half of the victims in North Carolina alone.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">President Joe Biden has said he believes Congress, whose members are currently in recess, should come back into session to address disaster relief funding needs.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Members of the House of Representatives and Senate are not scheduled to return to Washington until after the Nov. 5 election.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><a href=\"https:\/\/www.nbcnews.com\/politics\/politics-news\/small-business-administration-disaster-loan-program-exhausts-funds-hur-rcna175618\">Nbcnews<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON \u2014 The Small Business Administration said on Tuesday it has exhausted funds for its disaster loan program following increased demand from&nbsp;Hurricane Helene, with Congress being&nbsp;in recess. \u201cUntil Congress appropriates additional funds, the SBA is pausing new loan offers for its direct, low-interest, long-term loans to disaster survivors,\u201d the&nbsp;SBA said&nbsp;in a statement. \u201cHowever, SBA is [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":33513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[30845,8268,30844,30672],"class_list":["post-33512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-defunding","tag-depletion","tag-disaster-loan","tag-hurricane-helen"],"_links":{"self":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/33512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33512"}],"version-history":[{"count":1,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/33512\/revisions"}],"predecessor-version":[{"id":33514,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/33512\/revisions\/33514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/media\/33513"}],"wp:attachment":[{"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}