Funding and Applications
The (SBA) announced a halt to its disaster loan program, impacting small businesses, homeowners, and renters, due to a funding shortfall caused by Hurricanes Helene and Milton.
Despite the pause, the SBA continues to accept new applications, aiming to process and disburse funds once approves additional funding, estimated at $1.6 billion for the current fiscal year.
Political Response and Alternatives
and Republican House Speaker have both urged affected Americans to apply, with Johnson promising bipartisan support for funding replenishment after the election.
Other disaster relief options, such as those from , remain unaffected by the SBA's funding issues, offering alternative assistance to disaster-affected individuals and businesses.