SBA HANDS OUT OVER $1.1 BILLION IN LOANS

Less than 90 days after Hurricane Sandy struck, the U.S. Small Business Administration 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,