The U.S. House of Representatives passed the Superstorm Sandy Relief Act earlier this week, which aims to benefit small businesses affect by the natural disaster, a move that is U.S. Rep. Albio Sires (D-8) supported.
By John Heinis/Hudson County View
House Resolution 208 allows the Small Business Administration’s (SBA) disaster lending initiative to give firms impacted by Hurricane Sandy the opportunity to reapply for a disaster loan from the agency.
After Superstorm Sandy, many New Jersey businesses fought delays and red tape when trying to secure emergency loans from the SBA, and this legislation would give local businesses another chance to apply for assistance.
H.R. 208 was passed unanimously by voice vote.
“I am glad that Congress has voted to support local businesses affected by Hurricane Sandy by providing them with a much needed opportunity for disaster assistance,” Sires said in a statement.
“Hundreds of New Jersey residents are still dealing with the aftermath of the storm, and it is critical that we ensure the Small Business Administration does a better job helping small businesses following catastrophes in the future.”