Brooklyn —
The Small Business Administration recently announced that it has funded over $1 billion in disaster relief loans for victims of Hurricane Sandy in New York State, touting the approval of more than 15,000 low-interest loans to help residents and business owners get back on their feet after getting slammed by the powerful late October storm.
But an analysis of loan data for five zip codes in Southern Brooklyn, an area that includes some of the hardest hit neighborhoods in New York City, shows the federal agency has funded less than 30 percent of the applications for home and business loans it has received.
