The brand new data: As to why 800,one hundred thousand individuals were declined federal disaster guidance funds

The brand new data: As to why 800,one hundred thousand individuals were declined federal disaster guidance funds

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It was not the very first time Josefa Mendoza’s household inundated, nevertheless is actually the fresh new poor. When the 47-year-dated experiences coordinator fled the lady South Tx possessions with her students and you may grandkids into the during the a severe storm, the water into the got risen up to sides level.

She did not qualify for the assistance of the fresh Government Disaster Management Department. So, such as for instance more so many Us citizens due to the fact 2001, she taken out a national emergency advice financing about Small Team Government.

The low-notice fund are a primary supply of federal disaster advice readily available to help you home owners and you will clients together with small businesses – if they’re eligible. The fresh new SBA has actually accepted about 609,one hundred thousand instance funds off fiscal ages 2001 so you’re able to 2018 however, declined more or less 860,000.Continue reading