Rebuilding Small Businesses After Disasters Act to Maintain Loan Amounts

Written by Stephanie Taylor, Editor-in-Chief & Owner, Intelligent Luxury


Typed by U.S. Senators Cory Booker (D-NJ) and John Kennedy (R-LA), the Rebuilding Small Businesses After Disasters Act, "would help ensure families continue to have access to certain Small Business Administration (SBA) loans soon after a disaster "presented the press release from Senator Corey Booker.  Senator Corey Booker created the bill to sustain an increase in the loan amounts for small businesses to borrow.  The maximum loan amount is $25,000. Senator Corey Booker was the Mayor of Newark, New Jersey. Support small business owners in operating their businesses post disastrous events. Entrepreneurs, contact the sba.gov to learn about operating a small business.

“Even though nearly a decade has passed since Superstorm Sandy ravaged New Jersey and much of the East Coast,  New Jersey families and communities remember all too well the massive devastation it caused.” Booker said.  “This bipartisan bill ensures that disaster victims in New Jersey and across the country will continue to have access to the assistance  they need as they rebuild their homes, small businesses, and local economies.”

“Disasters like Hurricane Katrina leave properties in ruin,” Kennedy said.  “Extending this provision will provide families with the resources they need to rebuild their businesses and their homes immediately after a disaster.  It puts the appropriate financial resources into the pockets of our homeowners and business owners.”

View the documentary film Street Fight is on Netflix. A library loaned me the movie. I interviewed the former Mayor Sharpe James and Senator Corey Booker -- they are kind to Newark.

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