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Committee questions SBA on disaster loan staffing cuts and fund depletion risk
Summary
Committee members pressed the SBA's Office of Capital Access about elimination of disaster processing staff and an agency report projecting a disaster loan account depletion date of Oct. 11; the SBA official said the agency had "rightsized" operations and expressed confidence in disaster response capacity while offering to follow up with offices.
Several representatives raised alarms about staffing reductions at the SBA disaster processing center and a committee‑cited report showing a disaster loan account balance and a projected depletion date.
Representative McGarvey and others told the committee that the Office of Capital Access shed 196 positions between February and June and asked whether those roles were transferred to other SBA disaster offices or eliminated.…
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