The Small Business Administration called me this past week to tell me that they are out of money for any business who has applied for Economic Injury Disaster relief, which I did on October 4th.
Specifically, the SBA states on its website that new loan offers will be delayed due to a “lapse in Congressional funding.”
According to the SBA, Congress has to both be back in session, and also agree to approve additional funds, in order for the SBA to cover these loans.
Congress will not reconvene until November 12th, six weeks following the hurricane.
Every single business that I know of in Western North Carolina is struggling.
For Congress to remain out of session during a time when there is a Federal Disaster is absurd.
There’s my political post for today, people.
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