WASHINGTON – SBA Administrator Isabella Casillas Guzman announced the agency finalized a rule to increase support to disaster survivors and small businesses needing relief following a federally declared disaster recently. The rule becomes effective for all disasters declared on or after July 31, 2023.“The Biden-Harris administration has prioritized maximizing resources for disaster survivors so that they can successfully recover and build resilience to the effects of climate change that have led to more frequent and costly natural disasters,” Guzman said. “The SBA’s disaster loan program rule modifications will ensure more flexible and affordable disaster loans are available for small businesses, nonprofits, renters, and homeowners that will allow them to focus on recovering
