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Few businesses taking out SBA's Sept. 11 loans.(Small Business Administration has economic injury disaster loans for post-terrorist attack)(Brief Article)
Few small businesses are taking advantage of the U.S. Small Business Administration's 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 only 29 of these loans, totaling $3.8 million, outside the New York or Washington, D.C., areas, and had received applications from only 462 businesses.
"That's kind of a paltry number," SBA spokeswoman Carol Chastang says.
Small businesses are eligible for the loans if they can't meet their financial obligations or pay their operating expenses because of the Sept. 11 terrorist attacks or the federal government's response to it. Eligible …
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- SBA disaster loans find few takers among eligible businesses. (WASHINGTON BEAT).
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Magazine article from: Houston Business Journal
Hoover, Kent
November 23, 2001
700+ words
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Magazine article from: Pittsburgh Business Times
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Magazine article from: Washington Business Journal
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700+ words
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Magazine article from: San Antonio Business Journal
Hoover, Kent
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Magazine article from: The Business Journal (Serving Greater Tampa Bay)
Hoover, Kent
November 23, 2001
700+ words
