The U.S. Senate has confirmed Kelly Loeffler, a Georgia businesswoman and former senator, to lead the Small Business Administration. Loeffler, a staunch supporter of President Donald Trump, will now oversee the Small Business Administration (SBA), which is the only Cabinet-level federal agency dedicated entirely to small businesses. Established in 1953, the SBA provides counseling, capital, and contracting expertise to small businesses across the nation.
One of the key services offered by the SBA is the provision of Economic Injury Disaster Loans, which help small businesses meet working capital needs caused by disasters. These loans can be used to pay fixed debts, payroll, accounts payable, and other expenses that arise due to unforeseen disasters.
