U.S. Small Business Administration News

SBA Approves Disaster Loans for Southern Mississippi After Spring Floods

The U.S. Small Business Administration has approved disaster assistance for South Mississippi counties that saw torrential rains and flash flooding April 28 through May 2. The Mississippi Emergency Management Agency announced the flooding aid June 7 in a news release, …

Disaster Loans Available to Florida Businesses Affected by Tornadoes

The U.S. Small Business Administration is accepting applications for low-interest disaster loans for Florida Panhandle businesses and residents affected by tornadoes and storms in February. The loans are available for Escambia and Santa Rosa counties in Florida and Baldwin and …

Mississippi Farmers Eligible for Disaster Loans as Drought Parches State

Farmers hit by the drought gripping central Mississippi are now eligible for federal aid. The U.S. Small Business Administration says it’s offering low-interest disaster loans to small businesses and nonprofit organizations following a drought declaration by the U.S. Department of …

SBA Disaster Assistance Available in Louisiana Due to Flooding

Low-interest federal disaster loans are still available to Louisiana businesses and residents affected by the Red River flooding that occurred May 18 through June 20. U.S. Small Business Administration Administrator Maria Contreras-Sweet says the agency declared a disaster following the …

Emergency Loans for Drought Available for Small Businesses in Idaho

Small businesses in a handful of counties in southern Idaho are now eligible to apply for low interest federal loans to help offset the costs of prolonged drought. The U.S. Small Business Administration announced last week that nonfarm businesses may …

Disaster Loans Made Available for 6 Eastern Kentucky Counties

Residents and businesses in six eastern Kentucky counties affected by storms and other damaging weather in August may be eligible for low-interest disaster loans from the U.S. Small Business Administration. The SBA says the declaration covers Floyd County as well …

GAO Report Finds SBA Didn’t Meet Timeliness Goal for Sandy Loans

A new report from the U.S. Government Accountability Office (GAO) has found that following Superstorm Sandy, the U.S. Small Business Administration (SBA) did not meet its timeliness goal for processing business loan applications. GAO’s report, titled “Small Business Administration: Additional …

Flood Relief Loan Center Opens in Memphis, Tennessee

The U.S. Small Business Administration is opening an office in Memphis, Tennessee, to make it easier for residents affected by last month’s flooding to apply for disaster loans. The agency says it is opening a Disaster Loan Outreach Center at …

SBA Loans Available to Arizona Residents Hurt By Flooding

Arizona business owners and residents affected by flooding earlier this month can apply for federal loans. The U.S. Small Business Administration announced Thursday that low-interest disaster loans are available for Arizonans who sustained extensive damage from monsoon storms that hit …

FEMA Addresses Common Misconceptions About Federal Disaster Assistance

Federal Emergency Management Agency (FEMA) recently issued a press release to clear up some of the common myths about registering for federal disaster assistance. FEMA noted that in the aftermath of a disaster, misconceptions about disaster assistance can often prevent …