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SBA Faces Resource Challenges to Support Small Businesses

SBA Faces Resource Challenges to Support Small Businesses

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FintechNews RoundupUSA
··1 min read

The government is working to ensure that the Small Business Administration can offer small businesses up to $50 billion in loans in order to weather the impact of the coronavirus; the SBA will face an uphill battle as they look to deal with lenders; part of the problem is lack of funding and infrastructure to support getting the funds out; past data shows that the SBA’s disaster authority has never dealt with anywhere near this level of “economic injury” loans to businesses; In the past a majority of these loans have been made to individuals due to weather damage; between 2005 and 2015 the SBA handled $4 billion in disaster loans; there is also the question of whether $50 billion will be enough to support small businesses as CNBC delves further into. CNBC

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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