SBA Disaster Loan Program
SBA Disaster Loan Program

Author: Bruce R. Lindsay

Publisher: DIANE Publishing

Published: 2010-11

Total Pages: 34

ISBN-13: 1437936954

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Through its Disaster Loan Program, the Small Business Admin. (SBA) has been a major source of assistance for the restoration of commerce and households in areas stricken by natural and human-caused disasters. SBA offers direct loans to businesses to help repair, rebuild, and recover from economic losses after a disaster, but approximately 80% of the agency¿s approved direct disaster loans are made to individuals and households (renters and property owners) to help repair and replace homes and personal property. This report describes the SBA Disaster Loan Program, including the types of loans available to individuals, households, businesses, and nonprofit org. It highlights eight issues of potential congressional concern. Charts and tables.

SBA Disaster Loans
SBA Disaster Loans

Author: United States. Small Business Administration. Office of Finance and Investment

Publisher:

Published: 1989

Total Pages: 450

ISBN-13:

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Small Business Administration
Small Business Administration

Author: William B. Shear

Publisher: DIANE Publishing

Published: 2009-12

Total Pages: 42

ISBN-13: 1437920012

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After the Small Business Admin. (SBA) was widely criticized for its performance following the 2005 Gulf Coast hurricanes, the agency took steps to reform the Disaster Loan Program and Congress enacted the Small Business Disaster Response and Loan Improvements Act of 2008 (Act). This report determined: (1) the extent to which SBA addressed the Act's requirements; and (2) how SBA's response to major disasters in 2008 aligned with key components of its June 2007 Disaster Recovery Plan. The report also conducted site visits to areas affected by major 2008 disasters, reviewed SBA's customer satisfaction survey, and obtained the opinions of relevant stakeholders. Includes recommendations. Charts and tables.

Small Business Administration
Small Business Administration

Author: William B. Shear

Publisher:

Published: 2014-11-28

Total Pages: 69

ISBN-13: 9781457858536

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On October 29, 2012, Hurricane Sandy made landfall, causing an estimated $65 billion in damage. The Small Business Administration (SBA) administers the Disaster Loan Program, which provides physical disaster loans (used to rebuild or replace damaged property) and economic injury disaster loans (used for working capital until normal operations resume) to help businesses and individual homeowners recover from disasters. After Hurricane Sandy, Congress passed the Disaster Relief Appropriations Act of 2013, which appropriated $779 million to SBA for disaster loans and administrative expenses. This report examines (1) the timeliness of SBA's disaster assistance to small businesses; (2) the loan approval rates for small businesses and reasons for decline for Hurricane Sandy and previous disasters; and (3) the extent to which SBA has implemented programs mandated by the Small Business Disaster Response and Loan Improvements Act of 2008. Tables and figures. This is a print on demand report.