When SBA Disaster Lending Restarts, Expect Better Results [Forbes]
American Financial Group, Inc. (AFG)
Last american financial group, inc. earnings: 2/3 05:01 pm
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Source: Forbes
Getty Images The Small Business Administration recently announced it has exhausted funding for its disaster loan program, raising new concerns about the government's ability to assist survivors of recent hurricanes and other disasters. Though SBA has paused loan disbursements, it continues to process loan applications. Consequently, only temporary disruptions to the program are anticipated. Congress is expected to pass legislation providing additional funds when it returns next month from its current recess. Once new funding is in place, SBA will have a renewed opportunity to demonstrate its enhanced fraud-fighting capabilities developed in the wake of the COVID-19 pandemic when fraud reached unprecedented levels. How Did The Funding Lapse Occur? While there is a tendency to think of FEMA as the go-to agency for disaster assistance, SBA is the largest provider of disaster recovery funds for survivors. Not only does SBA offer loans to affected businesses, covering uninsured lo
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AFG
Earnings
- 11/5/24 - Miss
AFG
Sec Filings
- 12/17/24 - Form 4
- 11/15/24 - Form 8-K
- 11/12/24 - Form 13F-HR
- AFG's page on the SEC website