Story display


ID:

584

Date:

2010-08-24

Headline:

AP IMPACT: Katrina a Tale of SBA Failure

Reporter's name:

Mitch Weiss

Delay/denial:

No

Lawsuit:

No

Fees:

No

Media outlet:

The Associated Press

City:

Chalmette, LA

Summary:

In the aftermath of Hurricanes Katrina and Rita, the Small Business Administration (SBA) arbitrarily rejected many loan applications, distributed only sixty percent of the approved loan funds, favored higher-income residents (including country clubs, yacht clubs, private schools, and megachurches), and granted lower percentages of loans in non-white areas.

Notes:

The Associated Press (AP) used FOIA to obtain thousands of pages of public documents; the AP also conducted hundreds of interviews and performed a computer analysis of SBA data.

Keywords:

Hurricane Katrina, Hurricane Rita, Small Business Administration, SBA, loan, applications, discrimination, Gulf Coast, New Orleans

URL:

http://abcnews.go.com/print?id=11465353


Agencies:

FEMA
SBA
USACE

States:

AL
LA
TX

Categories:

business
hurricane Katrina
natural disaster


Return to front page