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You can apply online using the Electronic Loan Application (ELA) on the SBA's secure website at disasterloanassistance.sba.gov/ela/s/. Disaster loan information and application forms can also be ...
Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance.
According to a news release, Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at SBA, announced April 26 that SBA will close its Disaster Loan ...
History. The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. Tooltip Public Law (United States) 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction ...
Disaster Relief Appropriations Act, 2013 (H.R. 152; 113th Congress) On December 28, 2012, the Senate amended H.R. 1, a $61 billion aid package for the victims and communities affected by Hurricane Sandy. The bill passed by a vote of 62-32, Recorded vote 248. On January 4, 2013, the House passed H.R. 41 (345-67, Roll Call # 7 [citation needed] ).
SBA loan statistics. According to the SBA, at the end of 2023 fiscal year:. $27.5 billion in SBA 7(a) loans was approved. Almost 70 percent of 7(a) loans were for amounts under $350,000
The plan provided for an increase in funds available from the COVID Economic Injury Disaster Loan program, with the Small Business Administration (SBA) raising the limit for small businesses borrowing from this program from $500,000 to $2 million, easing access to loans for small businesses with multiple locations, and implementing "a 30-day ...
According to the SBA weekly summary report, fewer than 60,000 businesses were approved for 7(a) loans in 2023 — and only around 6,000 SBA loans were approved for 504 loans, highlighting how the ...
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