SBA Hurricane Sandy Loan Approvals Surpass $1 Billion as Congress Makes Additional Funds Available for Recovery

Less than 90 days after Hurricane Sandy struck, the U.S. Small Business Administration has approved more than $1.1 billion in disaster loans to 16,800 residents and businesses in the federally declared states affected by the storm. This milestone comes as Congress passed emergency legislation that will add $799 million to SBA’s disaster assistance program budget…