Obama offers guidelines for ‘smarter’ government

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It had taken the SBA an average of 43 days to review applications from companies damaged by Sandy, compared with a two-week turnaround the agency reported after hurricanes Ike and Irene, Ms. Velazquez said.

Of the SBA loan money approved, only about 15 percent was issued in the five months after the storm, down from about 40 percent delivered in the first five months after Irene.

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