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Committee presses SBA on Los Angeles wildfire disbursements and outreach for non‑English speakers
Summary
Members sought an update on SBA lending and disbursements after Los Angeles wildfires; the agency reported about $3.7 billion approved, $785 million disbursed, and described outreach, translation services, and permit delays that limit borrowers' willingness to draw funds.
Several members asked for a status report on SBA’s response to the January wildfires in Los Angeles and on how the agency is reaching diverse and multilingual communities.
Chris Stallings told the committee the agency had approved roughly $3.7 billion in loans tied to the disaster and had disbursed about $785 million, with approximately $415 million of that…
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