WASHINGTON — The Small Business Administration has made it clear that it will not be forced to hire untrained and inexperienced workers to handle loan processing in the wake of Hurricane Ike.
The agency said it established a disaster reserve corps last year with more than 2,000 trained and experienced staffers to deploy to field its field offices. The reservists are ready to report within 48 hours, according to SBA. Additionally, SBA said has trained non-disaster district office and Office of Capital Access staff to process disaster loan applications and perform other disaster assistance functions should we need them.
An 180,000-square-foot space based in Fort Worth, Texas, will handle the anticipated large volume of applications for disaster relief loans, SBA said. Meanwhile, in response to Hurricane Gustav, the agency has partnered with the State Economic Development Department in Louisiana to establish seven business counseling centers.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.