Keep It Coming
Worried September 11 relief has busted the SBA's budget? Congress has you covered.
The SBA was quick to come to the aid of entrepreneurs who were hurt by the terror attacks of September 11, expanding its disaster relief efforts by starting the September 11 economic injury disaster loan program late last October. But with the agency making so many loans to help out disaster victims, should you be worried that its budget will be decimated, adversely affecting the SBA's ability to provide the guaranteed loans that many small businesses rely on?
According to Mike Stamler, director of the SBA press office, there's no need for concern. "The money we are spending on disaster relief loans is money that was specifically budgeted for that purpose, and we have ample funds in our budgets for fiscal year 2001, which ended September 30, and for fiscal year 2002, which began on October 1."
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