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Energy and Environment

Small Business Administration’s disaster fund tapped out after Helene and Milton

By Brady Knox
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President Joe Biden announced that the Small Business Administration’s disaster loan program ran out of money after Hurricanes Helene and Milton.

The SBA will halt its dispersion of loans until new funding is approved by Congress, which is out of session until Nov. 12. Officials have said that Congress will not be called back early despite the assistance of some to better deal with the back-to-back hurricanes.

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Biden Administration Hurricane Milton Hurricanes Natural Disasters Small Business Administration