Public Law 115-123 signed into law Feb 9, 2018 helped 230 Louisiana Disaster Victims this week!
Published July 6 2019 updated July 6 2019 2 minutes 30 seconds reading time.
Senate Bill 2226 sponsored by Senator Marco Rubio and co-sponsored by Senator John Kennedy, Senator Bill Nelson, Senator John Cornyn and Senator Ted Cruz has directly effected the lives of 230 Louisiana families in a good way! Declined SBA Loan DOB Fix.
- (1) take into consideration whether an applicant for assistance from the grantee applied and was approved for, but declined, assistance related to the major disaster from the Administration under section 7(b) of the Small Business Act (15 U.S.C. 636(b)); or
- (2) reduce the amount provided to an applicant described in paragraph (1) by any amount that the applicant would have received from the Administration if the applicant had not declined the assistance.
Your efforts were 100% responsible for making a difference to others not even in your state. To other Disaster Victims of the SBA Disaster Loan program. To be penalized for not taking a SBA loan in the amount of the approved loan was just not logical.