Senator Hawley Demands SBA Explain Unacceptable Delays in Disaster Loan Program
U.S. Senator Josh Hawley (R-Mo.) sent a letter to Small Business Administration (SBA) Administrator Jovita Carranza criticizing persistent delays in disbursing disaster loans and an unacceptable lack of communication from the agency. In response to reports that loan amounts under the Economic Injury Disaster Loan (EIDL) program have been capped at $150,000, Senator Hawley writes that applicants have been permitted to borrow up to $2 million in previous disasters, andthe intent of Congress was...