September 2, 2010
In conjunction with the five-year anniversary of the devastating Gulf Coast storms of 2005, the U.S. Small Businesses Administration is encouraging business owners, homeowners and others to create their own disaster preparedness plan during National Preparedness Month in September.
“There is a tendency to think that a large-scale disaster is not going to happen ‘where I live,’” SBA Administrator Karen Mills said. “The reality is that storms, floods, earthquakes, fires and man-made disasters can strike anytime and anywhere. Planning ahead for your own post-disaster recovery is a good step toward protecting your family, your business and your community.”
SBA, along with many state, local government and private sector coalition partners are participating in this September’s National Preparedness Month.
To prepare for disasters, SBA offers the following tips:
More preparedness tips for businesses, homeowners and renters are available on the SBA’s website at www.sba.gov.
The Institute for Business and Home Safety (www.disastersafety.org ) also has information on protecting your home or business. Additional information on developing an emergency plan is available at the federal government’s preparedness website www.ready.gov.
When disaster strikes, the SBA makes low-interest loans to homeowners, renters and non-farm businesses of all sizes. Homeowners may borrow up to $200,000 to repair or replace damaged real estate. Individuals may borrow up to $40,000 to cover losses to personal property.
Non-farm businesses and non-profit organizations of any size may apply for up to $2 million to repair or replace disaster damaged business assets and real property. Small businesses that suffered economic losses as a direct result of the declared disaster may apply for a working capital loan up to $2 million, even if the property was not physically damaged.
To learn more about the SBA’s disaster assistance program, visit the website at www.sba.gov/disasterassistance.