FROM: U.S. SMALL BUSSINESS ADMINISTRATION
SBA Approves More than $150 Million in Disaster Loans
To Hurricane Sandy Survivors
WASHINGTON – A month after Hurricane Sandy devastated the East Coast, the U.S. Small Business Administration has approved more than $150 million in low-interest disaster loans to about 2,500 homeowners, renters and businesses in New York, New Jersey, Connecticut and Rhode Island.
"During the past month I’ve visited disaster centers and spoken with people who are struggling to reclaim communities and businesses that were devastated by Hurricane Sandy, and I was impressed by their determination to rebuild stronger," said SBA Administrator Karen G. Mills. "The SBA is there to support the long-term recovery of the disaster areas, and we will make sure that as many people as possible get the help they need to become whole again."
Through Thursday, the precise total was $156.56 million to 2,507 residents and businesses.
For more information about SBA disaster loans, visit www.sba.gov/sandy.