SBA Announces It Will Triple Disaster Loan Cap Beginning Tomorrow Following Hickenlooper Push
The new cap will allow small businesses to receive loans of up to
"I'm pleased the SBA has heeded our call to raise the cap on the size of Economic Injury Disaster Loans, which was unnecessarily hampering thousands of small businesses that needed loans larger than what was allowed," said Hickenlooper. "While this is a welcome development, the SBA should raise the limit even more - to
Additionally, the SBA announced it will reach out directly to small businesses that received a loan under the previous, lower cap with instructions to request an increase on their loan. New loans will automatically be considered under the new, higher cap.
Hickenlooper, a former small business owner himself, sits on the
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