I heard another story about hurricane recover today. A business was blown away by the storm. Qualifying for SBA low interest loans, they applied for help to rebuild their building, replace equiptment, etc. on September 30, 2005. Hurricane Katrina hit the Gulf Coast on August 29, 2005.
Yesterday, January 9, they received word that their loan had been approved.
Let that sink in a sec.
I said, "Why has it taken so long?" One wonders how most business can keep on all these months without any of the help the SBA intends to offer. I guess many business people have given up and lost their businesses. I was told that more than 15 different SBA loan people worked on their case. Everytime the business made an inch of progress toward satisfying the loan people, their person would leave the SBA and another person would take over the file.
Tell me again how we are all back to normal down here. Tell me again how the world has moved on and that we are all doing fine.