Small Business Disaster Readiness and Reform Act
The Small Business Disaster Readiness and Reform Act of 2009 (H.R. 3743), introduced by Representative Parker Griffith, would make it easier for small businesses that have been hit hard by natural disaster. Among other provisions vital to the recovery of disaster-stuck small businesses, the bill would increase limits of loans for small business owners in need of assistance, extend repayment terms to a more flexible schedule, and assist the Small Business Administration (SBA) in widening the scope of outreach to loan applicants. The bill would allow the SBA’s disaster loan program to function at its highest potential and help many of our entrepreneurs recover from the physical and economic damage caused by natural disasters.