What Happens When Your Small Business Is Hit By A Large Disaster

Tropical Storm Debby lashing the Florida Panhandle.

A view of Tropical Storm Debby as she hits the Florida Panhandle on June 26, 2012 (Credit: NOAA/NASA GOES Project).

There are news reports every day on the television, in the newspaper, across the Internet, about natural disasters. The wildfires in Colorado, Utah, Idaho, Montana, extending into Canada, and hurricane season bringing Tropical Storm Debby to bear on the Florida Panhandle mean that there has been damage done to homes and businesses.

Most people have protection in place for their personal property, with homeowner’s insurance, flood insurance, or renter’s insurance in place. If you are a small business owner, how are you protected? Will you be sufficiently covered or could a fire, storm, or other natural disaster put you out of work?

If you have a small business that is in a federal disaster area, you may be eligible for relief. Depending on the state in which you live, there may be an emergency bridge loan program in place to help you bridge the gap between the time damage from a natural disaster was incurred to when you’re able to secure other financial resources. Also, depending on the type of small business you have, you may also be eligible for assistance under the Emergency Disaster Loan Program.

The U.S. Small Business Administration (SBA) also offers assistance to businesses that have been affected by natural disasters. For more information on how the SBA can help you, contact the SBA’s Disaster Assistance Customer Service Center toll-free at 1-800-659-2955. You may also reach them via email at disastercustomerservice@sba.gov, or you can visit them online at sba.gov.

Keep in mind that there are other funding options for recovery, including a small business loan, either secured or unsecured. This type of loan can provide your business with the finances it needs to rebound from a natural disaster. There is help available whenever and wherever you need it, whether it’s local, state, federal, or private funding from a trusted lender.

The Takeaway

There is help here for you. A disaster doesn’t mean the end of your business. There are resources available for you to repair and rebuild. AmOne can help you to find the right financial solution for your small business. Whether you’ve been affected by wildfire, flooding, or wind damage, our knowledgeable associates are ready answer your questions on small business loans, personal unsecured loans, lines of credit, and more. AmOne offers solutions; your call to us is free and we won’t try to sell you anything. Find out how to reach us and learn more about how AmOne can help you today.