U.S. SBA Announces Zero-Interest Disaster Loans with 12-Month Payment Deferral
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 borrowers in areas such as Florida and Puerto Rico.
Topics: disaster loans economic assistance interest waiver SBA policy small business relief