Small companies hurt by Sandy could re-apply for loans

sandyWASHINGTON (AP)– Little businesses that were impacted by Cyclone Sandy and are still having a tough time might have another possibility making an application for federal government assistance.

Legislation passed your home and sent to President Barack Obama Monday would enable little business affected by Sandy to obtain new loans from the Small business Administration, a response lawmakers state was required after the business moved too gradually in the wake of the superstorm that knocked the East Coast 3 years back.
The costs also sets out new specifications for supplying emergency situation disaster loans to little business making it a lot easier and quicker for consumers to get money. A report by the Government Responsibility Workplace in 2014 stated the SBA was not really prepared for future disasters.

The Associated Press. .

U.S. News