Hearing Small Business Administration 7(a) Guaranteed Business Loan Program and Disaster Assistance Loan Program: In the US Senate, 130th Session, Second Session on Small Business Administration 7(a) Business Loan Program and Disaster Assistance Loan Program, March 2, 1999. 4
SBA made three changes to disaster plans that will allow us to respond more effectively to Midwest flooding. We provide expedited processing for Midwest flood victims. Our goal is to reduce loan applications. Processing time is 7 to 20 days. We achieved this and were able to process home loan applications in an average of 7 days.
We have a simplified disaster business loan application. I want to show you. Dark spots are the parts that are eliminated. This is a disaster business loan, and this is an economic injury loan.
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