SBA’s Disaster Loan Program Runs Out of Money as Hurricanes Drive Demand

The agency will pause new loan offers unless Congress appropriates more funds.

The contents of a home that was in the path of Hurricane Helene lie strewn across the porch and yard in Suwannee, Fla., on Oct. 5. Nanette Holt/The Epoch Times

The Small Business Administration’s (SBA) disaster assistance loan program is out of money after hurricanes Helene and Milton struck parts of the United States, the agency has announced.

In an Oct. 15 press release, the SBA said funds for the program have been exhausted following increased demand from disaster survivors in the wake of multiple extreme weather events, including the two hurricanes that made landfall in September and October.