Podcast on Disaster Loans to Small Businesses Following Hurricane Sandy
On October 29th, 2012, Hurricane Sandy made landfall, causing an estimated $65 billion in property damage. In the wake of the storm, the Small Business Administration (SBA) provided physical and economic injury disaster loans to help businesses and individual homeowners recover.
Hear our podcast on delays in loans to small businesses in the wake of this disaster with Bill Shear, a director in GAO’s Financial Markets and Community Investment team, who led the recent review of SBA’s administration of its disaster loans.
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