Hurricane Sandy’s massive wreckage left many small business owners in the dark. As small-business owners continue to emerge from the aftermath many realized they had to communicate with customers–and fast.
Getting your small business up and running after a storm can be a difficult task. The key is to be honest with your customers. Most will be sympathetic to your situation.
Preparing for a potential disaster may seem trivial, but it is extremely important to have a plan in place. As many small business owners can now see the importance of having a disaster recovery plan. Be prepared with a Disaster Recovery Checklist.
Help for Small Business Owners Post-Sandy Help for Business Owners:
The Small Business Adminstration has set up a disaster recovery center at 900 Lafayette Avenue in Bridgeport, Conn.
Small Business Administration
The SBA has comprehensive disaster recovery services available for business owners and non-owners alike.
Renters and homeowners, a group that includes most sole proprietors, can borrow up to $40,000 for repairs and to replace things like appliances, furniture, automobiles, and clothing. People who own homes can apply for as much as $200,000 for repairs to their primary residences.
Business owners, whether private or not-for-profit, whose organizations are damaged in a designated disaster area, can apply for loans for up to $2 million for real property, machinery, and other equipment, fixtures, and leasehold improvements. The loans can be used for both uninsured and underinsured damages.
The interest rate on both loans, for businesses that can’t find credit from other sources, won’t exceed 4% and repayment terms can last up to 30 years. For businesses that can obtain other credit, the percentage on the loans will not exceed 8%.
Federal Emergency Management Agency
FEMA offers a host of financial assistance for things like housing, repairs, medical and dental care, clothing, fuel, damages to vehicles, and moving and storage expenses related to the disaster.
FEMA has a page devoted exclusively to information about Sandy and services in its aftermath, as well as a smartphone app to help locate shelters, and get dsaster safety tips and first-aid information. There is also a blog you can check for updates.
FEMA also has a number of other services, like crisis counseling, disaster unemployment assistance, legal, and tax services.
Our heart goes out to all those impacted by Hurricane Sandy. We are here to help, if you need any assistance please don’t hesitate to contact us at 203.210.7003.