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Few small businesses are taking advantage of the Small Business Administration decision to offer Sept. 11-related economic injury disaster loans outside the World Trade Center and Pentagon disaster areas.
Three weeks, after the SBA took the unprecedented step of offering disaster loans nationwide, the agency had approved 29 of these loans, totaling $3.8 million, outside the New York or Washington, D.C., areas, and had received applications from 462 businesses.
"That's kind of a paltry number," said SBA spokeswoman Carol Chastang.
Small businesses are eligible fir the loans if they cannot meet their financial obligations or pay their operating expenses because of the terrorist attack or the federal government's response to it.
Eligible businesses include those in …