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GAO: Small Business Administration: Additional Steps Needed to Help Ensure More Timely Disaster Assistance

July 1, 2015

Pursuit's Take

Following Hurricane Sandy, the Small Business Administration (SBA) did not meet its timeliness goal (21 days) for processing business loan applications. From receipt to loan decision, SBA averaged 45 days to process physical disaster loans and 38 days for economic injury loans.

Media Coverage

Washington Post: Report: SBA still unprepared to handle natural disasters

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Can you believe the US Government spends more money on it’s cable bill than on disaster relief?

NO! I’M FURIOUS! Eh, sounds right