Small Business Administration relief program runs out of money, put on pause

Small Business Administration relief program runs out of money, put on pause

Assessment

Interactive Video

Social Studies, Business

University

Hard

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The video discusses the SBA's loan programs for disaster relief, highlighting the overwhelming demand following Hurricanes Helena and Milton. The SBA is facing financial constraints, leading to a temporary halt in loan disbursements. Despite this, President Biden encourages continued applications. The video also explores how SBA funds are used by small businesses and homeowners, the impact of funding delays, and alternative assistance options like FEMA and state agencies.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges are faced by those needing immediate cash after the hurricanes?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some alternatives for assistance mentioned in the text?

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