U.S. Small Business Administration Announces Zero-Interest Disaster Loans with Payment Deferral for First Year
The U.S. Small Business Administration (SBA) has announced that new disaster loans will have a zero interest rate for the first year and a 12-month payment deferment period. This policy aims to provide relief to small businesses affected by natural disasters, reducing their recovery costs. The change applies to disaster-impacted areas such as Florida and Puerto Rico.
Topics: disaster loans economic assistance interest waiver SBA policy small business relief