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SBA Hurricane Sandy Loan Approvals Surpass $1 Billion

Feb 15, 2013

Less than 90 days after Hurricane Sandy struck, the U.S. Small Business Administration (SBA) has approved more than $1.1 billion in disaster loans to 16,800 residents and businesses in the federally declared states affected by the storm. This milestone comes as Congress passed emergency legislation that will add $799 million to SBA’s disaster assistance program budget to help meet the demand for loans from Hurricane Sandy and future disasters.For more information about SBA’s disaster loan program, visit www.sba.gov/sandy, or call the Disaster Customer Service Center at 1-800-659-2955.