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What is the current funding situation for disaster loans?
The Small Business Administration's disaster loan program is currently at risk of running out of funds. This situation poses a significant challenge for recovery efforts, especially for those affected by Hurricane Helene, which has already caused extensive damage across several southeastern states.
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How does Hurricane Milton affect recovery from Hurricane Helene?
Hurricane Milton threatens to complicate recovery efforts from Hurricane Helene by potentially overwhelming already strained resources. As communities work to rebuild, the impending storm raises concerns about additional damage and the adequacy of existing disaster relief funding.
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What actions is Congress taking regarding SBA funding?
Congress is facing pressure to reconvene early to address the funding shortfall for disaster relief. Lawmakers are advocating for immediate action to ensure that the SBA's disaster loan program can continue to support families and businesses impacted by recent hurricanes.
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What are the potential impacts on small businesses in Florida?
Small businesses in Florida could face severe challenges due to the funding crisis. With the SBA's disaster loan program running low on funds, many businesses may struggle to secure the financial assistance needed for recovery, which could hinder their ability to reopen and thrive post-disaster.
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What are the long-term recovery plans for areas affected by Hurricane Helene?
Long-term recovery plans for areas impacted by Hurricane Helene are currently in jeopardy due to the funding crisis. Without adequate financial support from the federal government, communities may find it difficult to implement effective recovery strategies and rebuild infrastructure.
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How can individuals and businesses prepare for Hurricane Milton?
Individuals and businesses can prepare for Hurricane Milton by staying informed about the storm's path, securing necessary supplies, and reviewing their disaster plans. It's also crucial to understand the available resources for disaster relief and how to access them in the aftermath of the storm.