Small Business Energy Emergency Relief Act of 2008

The Small Business Energy Emergency Relief Act of 2008 was designed to provide financial assistance to small businesses and farm operations struggling with spikes in energy and heating fuel costs. Under this bill, the Small Business Administration and the Department of Agriculture would be authorized to offer low-interest disaster loans to businesses that suffered substantial economic harm due to significant price increases. For most eligible businesses, these emergency loans would be capped at $1.5 million to help cover operating expenses during energy-related emergencies.