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Salon
Salon
Natalie Chandler

Federal disaster loan program at risk

A loan program for businesses and residents affected by disasters could run out of funding in a few weeks, according to the U.S. Small Business Administration. 

The SBA said its disaster loan program is likely to be depleted before the end of October. In a statement issued Saturday, the SBA urged Congress to comply with President Joe Biden's request to replenish funding. Congress is scheduled to reconvene in mid-November.

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