Explaining Differential Outcomes In The Small Business Disaster Loan Application Process
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Disaster Research Center
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Several methods currently exist for compensating victims of major disasters including: pay-outs from various forms of insurance; material assistance from private agencies, such as the Red Cross and the Salvation Army; individual and family grants administered by the Federal Emergency Management Agency (FEMA) and its counterparts on the state level; and disaster loans to businesses and households, administered by the Small Business Administration (SBA).