Small Business Administration News

Study: Houston Needs $2B More in Federal Funds to Fix Harvey Housing Damage

An estimated 130,000 Houstonians affected by Harvey were overlooked in the city’s original housing needs assessment, according to the Houston Housing and Community Development Department. To fix the previously neglected damage, the city needs an extra $2 billion in federal …

SBA Loans Made Available in New Mexico, Arizona for Drought Economic Injury

The Small Business Administration says disaster loans are available to small nonfarm businesses in 13 counties in New Mexico and one in Arizona to offset economic losses because of reduced revenues caused by drought in two of the New Mexico …

SBA Sets August Deadline for Mississippi Disaster Loans From Spring Floods

People whose south Mississippi homes or businesses flooded in late April or early May have until Aug. 8 to apply for Small Business Administration disaster loans. The low-interest loans are available in Harrison, Hancock, Jackson, Pearl River and Stone counties, …

Mississippi Granted $13.3M for Storm Recovery, 11 More Counties Eligible for Aid

Gov. Phil Bryant says 11 additional counties have been added to Mississippi’s most recent disaster declaration due to the March flooding and severe storms. In a news release, Bryant said Clarke, Forrest, Greene, Jones, Marion, Panola, Perry, Quitman, Sunflower, Tunica …

Officials: Mississippi Flood Damage Most Widespread Since Hurricane Katrina

Mississippi officials say the damage from floods this month is the most widespread the state has had since Hurricane Katrina. Mississippi Emergency Management Agency Director Lee Smithson tells The Clarion-Ledger federal and state assessment teams have been on the ground …

Federal Officials Reopen Disaster Loan Filing Period for Sandy Victims

Federal officials have reopened the filing period for Superstorm Sandy victims to apply for low-interest disaster loans. The Small Business Administration says the move was authorized by legislation that President Obama signed late last month. Thousands of New Jerseyans were …

Disaster Loans Offered to West Virginia Businesses Impacted by Weather

Small businesses in West Virginia that have been impacted by bad weather may be able to get financial assistance from the federal government. The U.S. Small Business Association says economic injury disaster loans are available for certain small businesses, small …

SBA Offers Low-interest Wildfire Disaster Loans to Washington Businesses

The U.S. Small Business Administration is offering low-interest disaster loans to Washington businesses, nonprofits and residents affected by the wildfires. The federal agency has declared its own disaster declaration to make the loans available in Chelan, Douglas, Ferry, Grant, King, …

SBA Loans Impacting Grant Money for Sandy Victims

When Superstorm Sandy left Denise Erickson’s home with a collapsed foundation, a loan from the Small Business Administration looked like the best deal in town. She got more than $150,000 from the SBA to help fix her family’s Bellmore home …

Feds Offer Low-Interest Loans to Fix Mass. Tornado Damage

The federal Small Business Administration is offering low-interest loans to Massachusetts residents and businesses to repair property damage from the tornado that hit Revere on July 28. The tornado brought winds of up to 120 mph and was deemed an …