Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Buy A Business Opportunity of Franchise
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News
Come Read Our Featured Articles About Business Opportunities, Franchising, Business Opportunity News and More
Did you know that women-owned businesses are eligible for grants that are not available to other business owners? Receiving a grant is probably the best way to get funding for a business because, unlike a business loan,...
...an excerpt written by Lauren Diethelm in her article on Fundera. Night...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
I-insureme
$$$ BUILD HUGE INCOME SELLING SOMETHING EVERYONE MUST HAVE $$$ Call our 24-hour message line at 301-276-5575 now!
Carelumina
Make up to $1,000/week! We are changing the industry with our physician formulated state-of-the-art products & services!
CTFO
TAKE A FREE POSITION NOW WITH CTFO SELLING CBD HEMP OIL! Join The Hottest Wellness Trend & Next Billion Dollar Industry.
Home-Based Travel Business Making $$$$
Cash in with us on the Multi-Trillion Dollar Travel Industry by working as an independent Affiliate for World Discovery!
Haney Hitting System
ENJOY BASEBALL/ SOFTBALL? WORKING WITH KIDS?WORKING @ HOME? EARNING EXCEPTIONAL INCOME? Email RAHANEY71@AOL.COM for info
 
Resource Center > Article
Hurricane Recovery Resources for Business Opportunity Owners
3 Sep 17 Posted by: Kathleen C Lanza
in Featured Articles
Share this Article:

Slammed last year by what will surely be one of the most expensive and devastating natural disasters to ever hit the Northeast, millions of individuals, many of whom are work-at-home or other small business owners, are only now years later truly beginning to recover from the damage that Hurricane Sandy wrought-Hurricane Recovery Resources could have helped.


Hurricane Recovery Resources - For far too many of them, the devastation was complete. In fact, experts anticipate damages to be as high as $20 billion.  This didn't have to happen to many small businesses with a bit of planning.  Remember, the home-business opportunity you run has no home if your actual home is gone.

Now, tack on Hurricane Harvey and the wrath of this storm is sad as this blog is being updated is unknown.  The toll will surely be in excess of 100 billion for Hurricane Recovery Resources!

As the storm passes, the initial concentration on mitigating the loss of human life yields to the hard work of recovery. Most home-based and other small business and franchise owners, if and when they are allowed to return to their homes and places of work, will be focused on assessing and documenting the damage and working with the insurance companies to establish their eligibility for assistance.

Once that baseline has been set, many of them will want to explore the resources that are available to assist them at not only the state but the federal level. More specifically, a number of federal agencies such as the Federal Emergency Management Agency (FEMA), the U.S. Small Business Administration (SBA), the Farm Services Agency (FSA) and even the Internal Revenue Service (IRS) provide financial and/or other assistance or relief for small business owners recovering from a President-declared disaster like Sandy.

Recognizing that navigating any bureaucracy in the wake of a crisis of this magnitude can be especially maddening, DisasterAssistance.gov may be a good place to start. It provides a short anonymous questionnaire you can take to determine your eligibility for various forms of assistance, as well as a portal to apply for what you need online and check the status of your request over time.

SBA, in particular, is a crucial resource when it comes to financial assistance. The agency offers two types of loans that would be of particular interest to small business owners who are rebuilding in the areas hardest hit by Sandy:

Economic Injury Disaster Loans—Available to businesses that suffer “substantial economic injury,” the interest on these loans, which can be up to $2 million, is anywhere from 4 to 8 percent depending on whether or not you have other credit options and can be repaid over a 30-year term.

Physical Disaster Loans—Also available up to $2 million and with the same interest and term parameters as above, these loans allow for the repair or replacement of damaged real estate, equipment, inventory, and fixtures.

You can click here on Applying for an SBA Disaster Loan to find out what steps you need to take to apply for either one of these loan options now!

Hurricane Recovery Resources

 

Remember to not forget you furry friends!  Be prepared for you Pets too! Download this Pet Disaster Checklist from the CDC here.

 

Related Blog Posts
9 Dec 18 Posted by: Todd Hatch
in Featured Articles
Did you know that women-owned businesses are eligible for grants that are not available to other business owners? Receiving a grant is probably the best way to get funding for a business because, unlike a business loan,...
7 Dec 18 Posted by: Todd Hatch
in Featured Articles
...an excerpt written by Lauren Diethelm in her article on Fundera. Night...
5 Dec 18 Posted by: Todd Hatch
in Featured Articles
Every tech entrepreneur that starts a business has the same primary goal in mind. And getting there as fast as possible is understandably important. But 3 mistakes can kill a tech startup's ability to succeed. In her article on...
4 Dec 18 Posted by: Todd Hatch
in Featured Articles
2019 is sure to be a great year for budding entrepreneurs and small business owners. If you're planning on starting your own business in 2019, avoiding common mistakes is key to early success. In his article on Entrepreneur, Dillion Kivo...