The U.S. Small Business Administration agency has made changes to increase support to disaster survivors and small businesses needing relief following a federally declared disaster. The rule is effective for all disasters declared on or after July 31.
“The Biden-Harris Administration has prioritized maximizing resources for disaster survivors so that they can successfully recover and build resilience to the effects of climate change that have led to more frequent and costly natural disasters,” said Administrator Casillas Guzman. “The SBA ’ s disaster loan program rule modifications will ensure more flexible and affordable disaster loans are available for small businesses, nonprofits, renters, and homeowners that will allow them to focus on recovering quickly so their communities can survive and thrive again.”
