Still reeling from heavy criticism as a result of delays in its disaster loan programs following Hurricanes Katrina and Wilma, the U.S. Small Business Administration has received approval from lawmakers to revamp many of its programs.According to reports, the Senate Small Business Committee gave its blessing to a three-year re-authorization of programs to hone the agency's disaster loan efforts and minority small business development.
New SBA Administrator Steven Preston has advocated the agency's commitment to repair the disaster loan program, as well as forging partnerships with private sector groups.
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