NASE Calls for Congress to Support Small Businesses Impacted by Hurricanes Milton and Helene

NASE News

NASE Calls for Congress to Support Small Businesses Impacted by Hurricanes Milton and Helene

The NASE called on Congress to replenish critical disaster funds to support small businesses impacted by Hurricanes Milton and Helene, which devastated communities and businesses. In a letter to Congress, the NASE along with the leading small business organizations, explicitly stated, "We, the undersigned organizations representing small businesses across the United States, are writing to express our profound concern following the recent announcement by the Small Business Administration (SBA) that funding for the Economic Injury Disaster Loan (EIDL) program has been exhausted in the aftermath of Hurricanes Helene and Milton. This critical program provides low-interest loans to businesses that have suffered substantial economic injury due to disasters, and it has become a key element in helping small businesses recover and rebuild in times of crisis."

Congress will return the week of November 11th and preparing and approving an emergency disaster supplemental will need to be prioritized as Congress finishes its work for the 118th.

Read the full letter here.

Courtesy of NASE.org
https://www.nase.org/about-us/Nase_News/2024/10/29/nase-calls-for-congress-to-support-small-businesses-impacted-by-hurricanes-milton-and-helene