SBA Disaster Assistance

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "SBA Disaster Assistance"

Transcription

1 1

2 SBA Disaster Assistance U. S. Small Business Administration DISASTER ASSISTANCE Federal Disaster Loans for Businesses of All Sizes, Most Private Nonprofit Organizations, Homeowners and Renters

3 Contents Preparing for Disaster How Disasters are Declared Types of Disaster Declarations SBA s Disaster Loan Program

4 Preparing for Disaster

5 Disaster Preparedness Tips for Businesses 5

6 Small Business Losses 25 percent of businesses that close after a disaster never reopen - Institute for Business and Home Safety 6

7 Facilities/Operations What if your business had to close down for several days after a disaster? 7

8 Facilities/Operations Develop a plan to stay in operation if your business space is unusable Assess the internal and external functions of your company to determine what you need to stay open 8

9 Facilities/Operations Keep extra supplies of hard-to-replace items your business needs to stay open at an off-site location Buy a back-up generator to keep your power running 9

10 Insurance Do you have enough insurance to get your business back in operation? Review your policy to make sure you understand what isn t covered 10

11 Insurance Consider Business Interruption Insurance Covers operating expenses in the event of a business shutdown Business Interruption Insurance also compensates you for lost income 11

12 Insurance Most insurance policies don t cover flood damage For information on flood insurance, visit the National Flood Insurance Program s website at: 12

13 Insurance After the disaster, your insurance company will need accurate documentation of your business assets Regularly photograph or videotape your facility, and its contents 13

14 Protecting Vital Information Arrange for off-site backup and storage of vital records and information Computer data should be backed up routinely Consider professional information protection and storage companies to provide data protection solutions 14

15 Communications A communications plan is key to your post-disaster recovery strategy 15

16 Communications Phone numbers and addresses for your suppliers, employees, customers, the local media, utility companies and emergency responders should be updated regularly Copies of the contact list should be kept by a key employee and a backup person It s a good idea to also designate an out-ofregion contact to serve as a Message Center 16

17 Communications The Message Center will use phone and to support crucial post-disaster communications 17

18 Communications Head off rumors of business failure Appoint a spokesperson to inform the local media, suppliers, your customers and others about your company s operations and recovery 18

19 Additional Resources To learn how to develop your business disaster plan, visit: or call BE-READY for free brochures The Institute for Business and Home Safety (IBHS) has an Open for Business toolkit. Visit them at: Ready Rating is an American Red Cross program that helps businesses, schools and organizations become prepared for disasters and other emergencies. Visit them at: 19

20 What s New? DisasterAssistance.gov is a secure, user-friendly website that consolidates information about federally funded government assistance to disaster victims After answering a short, online questionnaire, DisasterAssistance.gov helps identify forms of assistance for which applicants may qualify 20

21 How Disasters are Declared

22 Assessing Damages After a Disaster After a disaster, the state may request a Preliminary Damage Assessment (PDA) from either: The Federal Emergency Management Agency (FEMA) or The U.S. Small Business Administration (SBA)

23 Preliminary Damage Assessment (PDA) When the state requests a Presidential PDA from FEMA, SBA participates with FEMA, state and local agencies to assess the damages

24 Preliminary Damage Assessment (PDA) When the state requests an SBA-only PDA for an Agency declaration, SBA conducts the survey with state and local officials to assess the damages FEMA does not participate

25 Types of Disaster Declarations

26 Types of SBA Disaster Declarations Physical damage/economic Injury Presidential (Individual and/or Public Assistance) Administrative (Agency) Economic Injury Governor s Certification Secretary of Agriculture Secretary of Commerce Military Reservist

27 Presidential Disaster Declaration In a Presidential Declaration, many Federal agencies provide assistance FEMA is the coordinating agency and delivers assistance, including: Individual Assistance (IA) - provides aid for temporary housing, serious needs & necessary expenses for individuals and households Public Assistance (PA) - provides aid to state and local governments for infrastructure

28 Presidential Disaster Declaration (IA) Presidential Declarations for Individual Assistance (IA) When the President declares a Major Disaster for IA, SBA s disaster loan program is activated for businesses of all sizes, most private nonprofit organizations, homeowners and renters President Barack H. Obama

29 Presidential Disaster Declaration (PA) Presidential Declarations for Public Assistance (PA) When the President declares a Major Disaster for PA, SBA s disaster loan program is activated only for certain private nonprofit organizations that provide essential services of a governmental nature President Barack H. Obama

30 Presidential Declarations SBA Eligibility IA Presidential Declaration SBA disaster loans for Physical Damage and Economic Injury are available in the Primary counties SBA disaster loans for Economic Injury are available in the Contiguous (neighboring) counties PA Presidential Declaration SBA disaster loans are only available to private, nonprofits in the primary counties

31 Administrative or Agency declaration For smaller disasters, SBA s Administrator can issue an SBA only declaration (called an Administrative or Agency declaration) This activates SBA s physical and economic injury disaster loan programs SBA Administrator Maria Contreras-Sweet

32 Administrative or Agency declaration SBA makes an Agency physical disaster declaration at the request of the state, and based on surveyed documentation of at least 25 businesses and/or homes that each sustained at least 40% uninsured property damage/losses

33 Declaration Differences In an SBA Administrative/Agency declaration SBA disaster loans for property damage and economic injury are available in both the primary and contiguous counties * In presidential declarations SBA property damage loans are available only in primary counties

34 Governor s Certification When a Governor certifies that at least five (5) small businesses in a disaster area have suffered substantial economic injury as a result of a disaster, and need financial assistance not available on reasonable rates & terms, SBA activates its Economic Injury Disaster Loan (EIDL) program for specified primary and contiguous counties

35 Secretary of Agriculture Declarations When the Secretary of Agriculture designates an agricultural disaster, SBA activates its Economic Injury Disaster Loan (EIDL) program for the specified primary and contiguous counties

36 Secretary of Commerce Declarations When the Secretary of Commerce makes a commercial fishery failure or fishery resource disaster under Section 308(b) of the Interjurisdictional Fisheries Act of 1986, SBA activates its Economic Injury Disaster Loan (EIDL) program for the specified primary and contiguous counties

37 Economic Injury Disaster Loans (EIDLs) Are available to small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations (PNPs) Help meet working capital needs caused by the disaster, even if the business did not have physical damage Help small businesses meet ordinary and necessary operating expenses/debts until they recover from the disaster

38 Military Reservist EIDL (MREIDLs) If an eligible small business, without credit available elsewhere at reasonable rates & terms, is unable to meet its ordinary and necessary operating expenses because an essential employee is called-up to active duty as a military reservist, the owner(s) of the small business may apply for an MREIDL This program covers the entire United States and its territories

39 SBA Disaster Loan Program

40 SBA s Role in Disaster Recovery After an SBA disaster declaration for hurricanes, floods, tornadoes, earthquakes, wildfires and other disasters, SBA disaster loans are the primary source of federal assistance to help private property owners pay for disaster losses not covered by insurance or other recoveries SBA offers low-interest federal loans to businesses of all sizes, private nonprofit organizations, homeowners and renters

41 Disaster Loans Help Recovery By providing disaster assistance in the form of loans, SBA helps reduce federal disaster costs compared to other forms of assistance, such as grants These loans require borrowers to maintain appropriate hazard and flood insurance, reducing the need for future federal assistance SBA s disaster loans are a critical source of economic stimulation in disaster-ravaged communities

42 Disaster Loans Help Recovery They help spur employment and stabilize tax bases by protecting jobs Disaster losses are unexpected and create financial hardships for most disaster victims SBA s low-interest, long-term Federal disaster loans help make recovery affordable

43 Making Recovery Affordable The law gives SBA several powerful tools to make disaster loans affordable: Low interest rates, generally 4% for businesses about 3% for nonprofit organizations about 2% for homeowners/renters Long terms (up to 30 years) Refinancing of prior debts (in some cases)

44 SBA s Office of Disaster Assistance (ODA) SBA s Disaster Loan Program Is administered through SBA s Office of Disaster Assistance (ODA) Is SBA s largest direct loan program and SBA s only program for entities other than small businesses

45 Not Just for Small Businesses For physical damages from a declared disaster, SBA s disaster loans are available to more than just small businesses SBA disaster loans are available to: Nonfarm businesses of all sizes Private, non-profit organizations Homeowners Renters

46 Current Interest Rates Interest Rates for disasters occurring on or after January 20, 2015: Business EIDL Nonprofit Home No Credit Available 4.00% 4.00% 2.625% 1.813% Credit Available * 6.00% N/A 2.625% 3.625% The majority of SBA disaster loans are at the lower interest rates Credit available elsewhere means that the disaster victim can provide for their own recovery through private sector borrowing on reasonable rates and terms without causing financial hardship, as determined by SBA

47 SBA Loan Requirements Requirements for loan approval: Eligibility - damaged property must be in a declared county Credit History - Applicants must have a credit history acceptable to SBA Repayment - Applicants must show the ability to repay all loans

48 Loan Eligibility Restrictions Only uncompensated losses are eligible Disaster losses not compensated by insurance or other recoveries, such as grants, reimbursement by another party, settlement of a lawsuit, etc. Applicants are not eligible if they have not complied with the terms of previous SBA loan agreements e.g. failure to maintain required insurance

49 Loan Terms SBA determines the term of each loan in accordance with each borrower s repayment ability The maximum term is 30 years

50 Disaster Business Loan Limits Business Repair/Replace: Real Estate/Machinery/Equip. Furniture and Fixtures Working capital Economic Injury (EIDL) $2.0 Million $2.0 Million (Combined loan limit cannot exceed $2.0 Million)

51 Disaster Business Loan Limits A business loan may be increased for mitigation (preventative measures) by up to 20% of the verified loss The $2.0 million statutory limit applies to the total of all loans to a single borrower and its affiliates SBA may waive the statutory limit if a business is a Major Source of Employment

52 Loan Eligibility Restrictions The following types of businesses are not eligible for EIDLs: Speculative businesses Multi-level sales organizations (pyramids) Hobby Businesses

53 Disaster Home Loan Limits Home Repair/Replace: Real Estate up to $200,000 Personal Property up to $ 40,000 Refinancing up to $200,000 Mitigation 20% of verified loss

54 Refinancing For substantially disaster-damaged businesses and homes, SBA may refinance recorded liens on real estate, and/or machinery & equipment Liens eligible for refinancing include: Business loans - real estate and chattel (UCC filing) liens Home loans - real estate liens only Refinance eligibility cannot be determined until insurance settlements are final Existing Federal loans are not eligible for refinancing

55 Collateral Requirements Physical loans Over $14,000 for Agency declarations Over $25,000 for Presidential IA declarations EIDLs Over $25,000 require collateral SBA takes real estate as collateral when it is available SBA will not decline a loan for lack of collateral; but, SBA requires that borrowers pledge available collateral

56 Insurance Requirements SBA requires borrowers to obtain and maintain appropriate insurance as a condition of most loans Hazard insurance Is required on all secured loans Flood insurance - Is required for properties located in a Special Flood Hazard Area (SFHA), and for properties damaged in a flood disaster

57 Three Ways to Apply Apply online using SBA s secure Web site Apply with an SBA representative at any designated center in the declared disaster area Apply by mailing a completed paper application to SBA

58 Online Complete the application online using SBA s Electronic Loan Application (ELA) at:

59 At a Center SBA representatives provide personal service at: Disaster Recovery Centers SBA Disaster Loan Outreach Centers SBA Business Recovery Centers No appointment is necessary

60 At a Center SBA representative meet personally with individuals at the centers to answer questions about SBA s disaster loan program, explain the application process and help each individual complete their application online

61 Mail a completed application to SBA U.S. Small Business Administration Processing and Disbursement Center Kingsport Road Fort Worth, Texas,

62 For Additional Information U. S. Small Business Administration Disaster Assistance Customer Service Center Phone: (800) TTY: (800) or - Visit our Web site at:

U. S. Small Business Administration DISASTER ASSISTANCE

U. S. Small Business Administration DISASTER ASSISTANCE 1 U. S. Small Business Administration DISASTER ASSISTANCE Federal Disaster Loans for Homeowners, Renters and Businesses of All Sizes June 27, 2012 SBA s Role in Disaster Recovery After declared disasters,

More information

Federal Disaster Recovery Assistance from the US Small Business Association (SBA) for Private, Nonprofit Organizations. Presented by Mark Randle

Federal Disaster Recovery Assistance from the US Small Business Association (SBA) for Private, Nonprofit Organizations. Presented by Mark Randle Federal Disaster Recovery Assistance from the US Small Business Association (SBA) for Private, Nonprofit Organizations Presented by Mark Randle 3 December 2014 heritagepreservation.org/shep heritagepreservation.org/shep

More information

12/3/2014. heritagepreservation.org/shep. heritagepreservation.org/shep

12/3/2014. heritagepreservation.org/shep. heritagepreservation.org/shep Federal Disaster Recovery Assistance from the US Small Business Association (SBA) for Private, Nonprofit Organizations Presented by Mark Randle 3 December 2014 heritagepreservation.org/shep heritagepreservation.org/shep

More information

Office of Disaster Assistance. SBA s Role in Disaster Recovery

Office of Disaster Assistance. SBA s Role in Disaster Recovery Office of Disaster Assistance SBA s Role in Disaster Recovery 1 Role in Disaster Recovery After hurricanes, floods, tornadoes, earthquakes, wildfires and other disasters, the U.S. Small Business Administration

More information

SBA s Role in Disaster Recovery

SBA s Role in Disaster Recovery SBA s Role in Disaster Recovery James Rivera, Associate Administrator, SBA For Audio: Listen through PC speakers Dial 916-233-3088 use access code 307-356-577 Since 1953, when the SBA started making disaster

More information

For more information about SBA s disaster assistance programs, visit www.sba.gov/disaster or call our disaster assistance center at 1-800-659-2955.

For more information about SBA s disaster assistance programs, visit www.sba.gov/disaster or call our disaster assistance center at 1-800-659-2955. SBA Many communities are still feeling the effects of Superstorm Sandy, including power outages and flooding. The importance of listening to instructions and safety information from your local officials

More information

U. S. Small Business Administration DISASTER ASSISTANCE. Federal Disaster Loans for Businesses

U. S. Small Business Administration DISASTER ASSISTANCE. Federal Disaster Loans for Businesses U. S. Small Business Administration DISASTER ASSISTANCE Federal Disaster Loans for Businesses Presidential Declaration for Individual Assistance If the President declares a major disaster declaration for

More information

SBA DISASTER LOANS. NBDC - Wayne State College

SBA DISASTER LOANS. NBDC - Wayne State College SBA DISASTER LOANS SBA DISASTER LOANS After hurricanes, floods, earthquakes, wild fires, and other disasters; SBA disaster loans are the primary form of Federal assistance for the owners of private property.

More information

EMERGENCY MANAGEMENT MEDIA RELEASE

EMERGENCY MANAGEMENT MEDIA RELEASE www.hernandosheriff.org SHERIFF Al Nienhuis P.O. BOX 10070 BROOKSVILLE, FL 34603-0070 FAX 352 796-0493 PHONE 352 754-6830 EMERGENCY MANAGEMENT MEDIA RELEASE From: Re: Emergency Operations Center 352-754-4083

More information

Release Number: 13-589, MI 13618/13619. SBA Offers Disaster Assistance to Michigan Residents Affected by Severe Storms and Flooding

Release Number: 13-589, MI 13618/13619. SBA Offers Disaster Assistance to Michigan Residents Affected by Severe Storms and Flooding `0 DISASTER NEWS Loans for Homeowners, Renters and Businesses of all Sizes SBA Disaster Assistance Field Operations Center- East 101 Marietta Street, NW, Suite 700, Atlanta, GA 30303 Release Date: June

More information

NJ Office of Emergency Management

NJ Office of Emergency Management NJ Office of Emergency Management Colonel Rick Fuentes Superintendent, New Jersey State Police State Director of Emergency Management Major Dennis McNulty Commanding Officer, Emergency Management FOR FURTHER

More information

Before being seen at the center flood victims need to start the claims process by calling 1 (800) 621-3362, to register their claim first.

Before being seen at the center flood victims need to start the claims process by calling 1 (800) 621-3362, to register their claim first. The Jones County disaster recovery center will open on Friday, October 22nd at the Jones County Civic Center. It will be open from 8:30AM till 6:30PM. The center is scheduled to be open 7 days a week for

More information

A Reference Guide to the SBA Disaster Loan Program

A Reference Guide to the SBA Disaster Loan Program A Reference Guide to the SBA Disaster Loan Program Disaster Preparedness Disaster Assistance Disaster Recovery Providing Help to Businesses, Homeowners and Renters Table of Contents Mission Statement...

More information

Recovering from Flood Damage

Recovering from Flood Damage Recovering from Flood Damage Many small businesses throughout Northeastern Pennsylvania were devastated by the September 2011 flooding. Businesses have been impacted both in physical asset losses as well

More information

Frequently Asked Questions about Physical Disaster Business Loans

Frequently Asked Questions about Physical Disaster Business Loans Frequently Asked Questions about Physical Disaster Business Loans Q. How much can I borrow? A. The amount of money that the SBA will lend you will be based upon the actual cost of repairing or replacing

More information

Government agency disaster recovery support contacts

Government agency disaster recovery support contacts Government agency disaster recovery support contacts Table of contents: Help from DisasterAssistance.gov and the Catalog of Federal Domestic Assistance (CFDA) Page 1 Disaster assistance available from

More information

Small Business Administration (SBA) Disaster Loans

Small Business Administration (SBA) Disaster Loans Chapter 9 Small Business Administration (SBA) Disaster Loans I. Introduction to SBA Disaster Assistance...1 A. Three Types of Disaster Loans Available...1 1. Physical Disaster Home Loans...1 2. Physical

More information

FAQs on Federal Disaster Declaration and Assistance

FAQs on Federal Disaster Declaration and Assistance FAQs on Federal Disaster Declaration and Assistance 1. What does this federal disaster declaration mean? Federal assistance was authorized under a Major Federal Disaster Declaration issued by President

More information

e-cfr Data is current as of July 10, 2012

e-cfr Data is current as of July 10, 2012 Page 1 of 7 Home Page > Executive Branch > Code of Federal Regulations > Electronic Code of Federal Regulations e-cfr Data is current as of July 10, 2012 Title 13: Business Credit and Assistance PART 123

More information

Financial Resources and Assistance for Homeowners

Financial Resources and Assistance for Homeowners Financial Resources and Assistance for Homeowners You have estimated the amount of money needed to return to your home. If you have the resources, you can proceed with repairing or rebuilding. If you do

More information

Financial Resources and Assistance Programs Available to Renters

Financial Resources and Assistance Programs Available to Renters Financial Resources and Assistance Programs Available to Renters You have explored alternative rental housing and compared the costs of several options (including returning to your pre-disaster rental

More information

Disaster Recovery Financial Assistance

Disaster Recovery Financial Assistance Disaster Recovery Financial Assistance Recovering from a disaster is a partnership effort among local, state and federal government agencies in conjunction with private and non-profit organizations. Rebuilding

More information

PART 123 DISASTER LOAN PROGRAM

PART 123 DISASTER LOAN PROGRAM Small Business Administration Pt. 123 (ii) SBA will announce its intent to terminate a waiver for a class of products through the publication of a notice in the FEDERAL REGISTER, asking for comments regarding

More information

Unit 7 Individual Assistance

Unit 7 Individual Assistance Portal Questions This unit discusses several programs that provide assistance to individuals, families, and businesses following a disaster. If you believe you already know this information, answer the

More information

Lesson 5. After a Disaster: Recovery and Hazard Mitigation Programs. Disaster Assistance

Lesson 5. After a Disaster: Recovery and Hazard Mitigation Programs. Disaster Assistance Introduction The previous four lessons focused on pre-disaster mitigation: developing a program, and writing and implementing a hazard mitigation plan. The Disaster Mitigation Act of 2000 (DMA 2000) encourages

More information

CRS Report for Congress Received through the CRS Web

CRS Report for Congress Received through the CRS Web Order Code RS21061 Updated November 29, 2001 CRS Report for Congress Received through the CRS Web Summary Small Business Disaster Assistance: Responding to the Terrorist Attacks Bruce K. Mulock Specialist

More information

Disaster Relief for Businesses Funding - Grants and Loans

Disaster Relief for Businesses Funding - Grants and Loans Disaster Relief for Businesses Funding - Grants and Loans Hurricane Sandy On October 29 th 2012, Hurricane Sandy struck the east coast leaving a crippled transit system, widespread power outages and severe

More information

Overview of SBA Economic Development Programs and the Impact of the Recovery Act

Overview of SBA Economic Development Programs and the Impact of the Recovery Act Overview of SBA Economic Development Programs and the Impact of the Recovery Act 1 Access to Capital SBA guarantees loans on reasonable terms through financing partners to small businesses that are unable

More information

September 16, 2013 PURPOSE

September 16, 2013 PURPOSE SUMMARY OF SUBJECT MATTER September 16, 2013 TO: FROM: SUBJECT: Members, Subcommittee on Economic Development, Public Buildings, and Emergency Management Staff, Subcommittee on Economic Development, Public

More information

Incentive Financing Summary Heffner and Associates, Ltd.

Incentive Financing Summary Heffner and Associates, Ltd. Basic 7(a) Loan Guaranty Start up and existing small To help qualified small Loan maturity is up to 10 Through commercial (SBA) businesses businesses obtain financing years for working capital and lending

More information

Disaster Recovery 101 the basics.

Disaster Recovery 101 the basics. Disaster Recovery 101 the basics. Scott MacLeod, MA Emergency Management Agency Hazard Mitigation & Disaster Recovery Division Manager December 19, 2012 1 Today s discussion Define disaster recovery Provide

More information

Using Small Business Administration (SBA) Loans to Raise Capital for Your Business

Using Small Business Administration (SBA) Loans to Raise Capital for Your Business Melissa Pilzner 37727 Professional Ctr Dr Suite 100 Livonia, MI 48154 248-427-1600 Melissa.Pilzner@RaymondJames.com Using Small Business Administration (SBA) Loans to Raise Capital for Your Business Using

More information

The Role of Elected Officials During Disasters. The Florida Division of Emergency Management

The Role of Elected Officials During Disasters. The Florida Division of Emergency Management The Role of Elected Officials During Disasters The Florida Division of Emergency Management Bryan W. Koon Director Florida Division of Emergency Management Introduction Florida s elected officials play

More information

Disaster Assistance Programs for Agriculture. Small Business Association SBA USDA Programs FEMA Programs

Disaster Assistance Programs for Agriculture. Small Business Association SBA USDA Programs FEMA Programs Disaster Assistance Programs for Agriculture Small Business Association SBA USDA Programs FEMA Programs Disaster Assistance: Small Business Administration (SBA) Through its Disaster Loan Program, SBA has

More information

SBA Disaster Assistance Program

SBA Disaster Assistance Program SBA Disaster Assistance Program Our mission is to provide low-interest disaster loans to businesses of all sizes, private nonprofit organizations, homeowners and renters to repair or replace real estate,

More information

SOP 50-30-7 Effective Date: May 13, 2011 TABLE OF CONTENTS CHAPTER 1... 2

SOP 50-30-7 Effective Date: May 13, 2011 TABLE OF CONTENTS CHAPTER 1... 2 i TABLE OF CONTENTS CHAPTER 1... 2 INTRODUCTION... 2 1. AUTHORITY 2 2. RELATED RULES, REGULATIONS, AND SOPS 2 3. GENERAL RULES OF APPLICATION AND MEANING 2 4. RESPONSIBILITIES (3) 3 5. CHANGES TO THIS

More information

Long-Term Community Recovery & Mitigation

Long-Term Community Recovery & Mitigation Emergency Support Function 14 Long-Term Community Recovery & Mitigation ESF Coordinator Grays Harbor County Division of Emergency Management Primary Agencies Grays Harbor County Division of Emergency Management

More information

Rhode Island Flood Recovery Resource Guide

Rhode Island Flood Recovery Resource Guide Rhode Island Flood Recovery Resource Guide From the Office of Senator Jack Reed www.reed.senate.gov (401) 943-3100 Please call if you have additional questions PREPARED, PUBLISHED, AND MAILED AT TAXPAYER

More information

Animals in Disasters

Animals in Disasters MODULE B UNIT 6 Animals in Disasters Recovering from a Disaster Overview Federal, State, and local governments work together in any major emergency. Emergency assistance funding is based on the concept

More information

U.S. Small Business Administration. Programs and Services

U.S. Small Business Administration. Programs and Services U.S. Small Business Administration Programs and Services U.S. Small Business Administration Established in 1953 Independent federal government agency District and branch offices nationwide Website: www.sba.gov

More information

TIPS FOR TENNESSEE DISASTER VICTIMS 1. REGISTER FOR ASSISTANCE WITH FEMA.

TIPS FOR TENNESSEE DISASTER VICTIMS 1. REGISTER FOR ASSISTANCE WITH FEMA. WHAT NOW? TIPS FOR TENNESSEE DISASTER VICTIMS 1. REGISTER FOR ASSISTANCE WITH FEMA. If you have sustained any damage, register for assistance at www.disasterassistance.gov/daip_en.portal (Pre screening

More information

Duplication of Benefits DRAFT Submitted to HUD: July 3, 2013

Duplication of Benefits DRAFT Submitted to HUD: July 3, 2013 Duplication of Benefits DRAFT Submitted to HUD: July 3, 2013 Introduction This duplication of benefit plan explains methods and procedures to prevent the duplication of benefits, as required by the Robert

More information

GAO. SMALL BUSINESS ADMINISTRATION Continued Attention Needed to Address Reforms to the Disaster Loan Program

GAO. SMALL BUSINESS ADMINISTRATION Continued Attention Needed to Address Reforms to the Disaster Loan Program GAO For Release on Delivery Expected at 11:00 a.m. EDT Wednesday, May 19, 2010 United States Government Accountability Office Testimony Before the Committee on Small Business and Entrepreneurship, U.S.

More information

SMALL BUSINESS ADMINISTRATION. Additional Steps Needed to Help Ensure More Timely Disaster Assistance

SMALL BUSINESS ADMINISTRATION. Additional Steps Needed to Help Ensure More Timely Disaster Assistance United States Government Accountability Office Report to the Ranking Member Committee on Small Business House of Representatives September 2014 SMALL BUSINESS ADMINISTRATION Additional Steps Needed to

More information

The SBA Disaster Loan Program: Overview and Possible Issues for Congress

The SBA Disaster Loan Program: Overview and Possible Issues for Congress The SBA Disaster Loan Program: Overview and Possible Issues for Congress Bruce R. Lindsay Analyst in Emergency Management Policy June 29, 2010 Congressional Research Service CRS Report for Congress Prepared

More information

U.S. Small Business Administration

U.S. Small Business Administration Financing Small Businesses 1 of 16 What is SBA s Mission? The (SBA) is an independent agency of the federal government established in 1953 to help start, build and grow small businesses in the United States.

More information

The SBA Disaster Loan Program: Overview and Possible Issues for Congress

The SBA Disaster Loan Program: Overview and Possible Issues for Congress The SBA Disaster Loan Program: Overview and Possible Issues for Congress Bruce R. Lindsay Analyst in American National Goverment September 2, 2011 CRS Report for Congress Prepared for Members and Committees

More information

APPLICATION DEADLINE FOR DISASTER ASSISTANCE EXTENDED TO JANUARY 5 ~ Many Sources Of FEMA Aid Available To Hurricane Wilma Victims ~

APPLICATION DEADLINE FOR DISASTER ASSISTANCE EXTENDED TO JANUARY 5 ~ Many Sources Of FEMA Aid Available To Hurricane Wilma Victims ~ State Emergency Response Team Joint Information Center Orlando, Florida Disaster News Dec. 16, 2005 DR-1609-NR-046 FEMA/Florida News Desk: 407-858-6207 State EOC Public Information: 850-413-9969 SBA News

More information

SBA Policy Notice. TO: All SBA Employees CONTROL NO.: 5000-1382. SUBJECT: Reauthorization of 504 Debt EFFECTIVE: 05/26/2016. Refinancing Program

SBA Policy Notice. TO: All SBA Employees CONTROL NO.: 5000-1382. SUBJECT: Reauthorization of 504 Debt EFFECTIVE: 05/26/2016. Refinancing Program SBA Policy Notice TO: All SBA Employees CONTROL NO.: 5000-1382 SUBJECT: Reauthorization of 504 Debt Refinancing Program EFFECTIVE: 05/26/2016 The Small Business Jobs Act of 2010 (Jobs Act), P.L. 111-240,

More information

Q&A for Small Business Owners

Q&A for Small Business Owners Q&A for Small Business Owners What did the Obama Administration announce today? The Treasury Department will commit up to $15 billion to help unlock the secondary markets for small business loans. By purchasing

More information

ESF 14. Long-Term Community Recovery

ESF 14. Long-Term Community Recovery 1. Purpose This annex provides an overview of the general process to be followed in recovering from the economic results of a natural disaster or other major emergency that may impact Coos County. It outlines

More information

Name of System/Application: Customer Service Center Telecommunication System (CSCTCS)

Name of System/Application: Customer Service Center Telecommunication System (CSCTCS) PRIVACY IMPACT ASSESSMENT (PIA) Name of System/Application: Customer Service Center Telecommunication System (CSCTCS) Program Office: Office of Disaster Assistance, Buffalo Customer Service Center Once

More information

Small Business Administration: A Primer on Programs and Funding

Small Business Administration: A Primer on Programs and Funding Small Business Administration: A Primer on Programs and Funding Robert Jay Dilger Senior Specialist in American National Government Sean Lowry Analyst in Public Finance July 30, 2015 Congressional Research

More information

SBA Programs to Help You Start & Grow Your Small Business

SBA Programs to Help You Start & Grow Your Small Business SBA Programs to Help You Start & Grow Your Small Business Don Spry Senior Area Manager U.S. Small Business Administration 419 North 3 rd Street Wilmington, NC 28410 don.spry@sba.gov 910-815-3188 (office)

More information

FEMA Appeals Frequently Asked Questions

FEMA Appeals Frequently Asked Questions Q: What is FEMA? FEMA Appeals Frequently Asked Questions A: The Federal Emergency Management Agency (FEMA) is the federal agency charged with consequence-management for large-scale disasters in the United

More information

WA Businesses & Disaster Survey

WA Businesses & Disaster Survey WA Businesses & Disaster Survey, a public-private partnership, is developing a program that includes low-cost strategies to help regional businesses keep their doors open after a disaster. Your answers

More information

The State of New Jersey, Trenton, NJ

The State of New Jersey, Trenton, NJ The State of New Jersey, Trenton, NJ Community Development Block Grant Disaster Recovery-Funded Grants and Forgivable Loans to Small Businesses Program Office of Audit, Region 3 Philadelphia, PA Audit

More information

SMALL BUSINESS REVOLVING LOAN FUND GUIDELINES 1.0 INTRODUCTION

SMALL BUSINESS REVOLVING LOAN FUND GUIDELINES 1.0 INTRODUCTION SMALL BUSINESS REVOLVING LOAN FUND GUIDELINES 1.0 INTRODUCTION Fay-Penn Economic Development Council has established a Small Business Loan Fund. The Small Business Loan Fund Program is designed to stimulate

More information

GASB STATEMENT 42 IMPLEMENTATION ISSUES. Accounts Receivable Recognition

GASB STATEMENT 42 IMPLEMENTATION ISSUES. Accounts Receivable Recognition GASB STATEMENT 42 IMPLEMENTATION ISSUES Accounts Receivable Recognition Issue To determine criteria for recognition of accounts receivables pertaining to Office of Risk Management claims and Federal disaster

More information

Congress of the United States

Congress of the United States JUDICIARY COMMITTEE SUBCOMMITTEES: RANKING MEMBER CONSTITUTION INTELLECTUAL PROPERTY, COMPETITION, AND THE INTERNET TRANSPORTATION AND INFRASTRUCTURE COMMITTEE SUBCOMMITTEES: HIGHWAYS AND TRANSIT RAILROADS,

More information

Pennsylvania Flooding Recovery Guide

Pennsylvania Flooding Recovery Guide Pennsylvania Flooding Recovery Guide Quick Guide For more information or assistance please feel free to contact any of my offices, or visit my website at www.casey.senate.gov Central PA Office: 817 E.

More information

FY 2014 Climate Change Adaptation Plan

FY 2014 Climate Change Adaptation Plan FY 2014 Climate Change Adaptation Plan Office of the Chief Operating Officer 06/30/2014 Table of Contents I. Introduction and Policy Framework... 2 a. Introduction... 2 b. Policy Statement... 2 II. Planning

More information

/ business. Small steps toward preparing your business for emergencies

/ business. Small steps toward preparing your business for emergencies / business Small steps toward preparing your business for emergencies Step 4: Insurance THE GOAL: Make sure you have insurance that will enable you to get back into business after a disaster. Finding the

More information

NAVIGATING TODAY S CREDIT JUNGLE ALTERNATIVES

NAVIGATING TODAY S CREDIT JUNGLE ALTERNATIVES NAVIGATING TODAY S CREDIT JUNGLE AN OVERVIEW OF SBA FINANCING ALTERNATIVES November, 2011 Timothy D. Dixon Head of Small Business Administration (W) 216-514-5431 timothy.dixon@citizensbanking.com 1 Discussion

More information

Information for Consumers with Mortgages Secured By Property Affected by Hurricane Isaac

Information for Consumers with Mortgages Secured By Property Affected by Hurricane Isaac Information for Consumers with Mortgages Secured By Property Affected by Hurricane Isaac The Office of Financial Institutions has prepared a summary of guidelines for government sponsored enterprise loans

More information

Section VII. Surging to Accommodate Need: Introduction better describes application of estimates to judgments of what surge level to adopt.

Section VII. Surging to Accommodate Need: Introduction better describes application of estimates to judgments of what surge level to adopt. SUMMARY OF CHANGES Section I. Introduction, Pre-disaster Planning and Preparation: Characterizes natural disaster according to risk of necessitating SBA-wide surge to meet disaster loan demand. Section

More information

Special webinar for IEEE-USA members

Special webinar for IEEE-USA members U.S. Small Business Administration and IEEE-USA Special webinar for IEEE-USA members The SBA Advantage Resources and Programs for Success U.S. Small Business Administration and IEEE-USA Presenter: Penny

More information

SMALL BUSINESS REVOLVING LOAN FUND GUIDELINES

SMALL BUSINESS REVOLVING LOAN FUND GUIDELINES SMALL BUSINESS REVOLVING LOAN FUND GUIDELINES 1.0 INTRODUCTION Fay-Penn Economic Development Council has established a Small Business Loan Fund. The Small Business Loan Fund Program is designed to stimulate

More information

Summary of Changes. Page v, 10 th paragraph: Faster Timely decisions on loan applications, closing, and disbursement.

Summary of Changes. Page v, 10 th paragraph: Faster Timely decisions on loan applications, closing, and disbursement. Summary of Changes Throughout the document the term Field Inspection Team (or FIT) has been replaced by Damage Verification Center (or DVC). The style of Disaster Reserve has been changed to a broader

More information

SMALL BUSINESS LOAN FUND GUIDELINES. Funded By: Fay-Penn Economic Development Council

SMALL BUSINESS LOAN FUND GUIDELINES. Funded By: Fay-Penn Economic Development Council SMALL BUSINESS LOAN FUND GUIDELINES Funded By: Fay-Penn Economic Development Council SMALL BUSINESS LOAN FUND 1.0 INTRODUCTION Fay-Penn Economic Development Council has established a Small Business Loan

More information

Survey Methodology and Results

Survey Methodology and Results Survey Methodology and Results APPENDIX As a part of evaluating how the state helps communities recover from natural disasters, we wanted a better understanding of the role local governments play in disaster

More information

HURRICANE PLAN CAN HELP BUSINESSES WEATHER A STORM. By Gerald Dunlop USA Small Business Development Center

HURRICANE PLAN CAN HELP BUSINESSES WEATHER A STORM. By Gerald Dunlop USA Small Business Development Center CAN HELP BUSINESSES WEATHER A STORM By Gerald Dunlop USA Small Business Development Center If we learned anything from Katrina, it is the importance of planning and what can result from the lack of it.

More information

Credit Connections Leveraging Resources to Strengthen Deals. U.S. Small Business Administration

Credit Connections Leveraging Resources to Strengthen Deals. U.S. Small Business Administration Credit Connections Leveraging Resources to Strengthen Deals U.S. Small Business Administration 1 Lenders Benefits of SBA Loans SBA s Guaranty reduces a Lender s Risk Helps lenders make loans with longer

More information

U. S. Small Business Administration DISASTER BUSINESS LOAN APPLICATION

U. S. Small Business Administration DISASTER BUSINESS LOAN APPLICATION U. S. Small Business Administration DISASTER BUSINESS LOAN APPLICATION OMB No. : 3245-0017 Expiration: 01/31/2015 FOR SBA INTERNAL USE ONLY Physical Declaration Number Economic Injury Declaration Number

More information

SOMERSET DISASTER RECOVERY APPLICATION FOR HOMEOWNER ASSISTANCE

SOMERSET DISASTER RECOVERY APPLICATION FOR HOMEOWNER ASSISTANCE SOMERSET DISASTER RECOVERY APPLICATION FOR HOMEOWNER ASSISTANCE Application # Applicant Name: Co-Applicant Name: Property Address: City: Zip Code: Home Phone: Work Phone: Cell Phone: Section 1 - Property

More information

Homeownership Preservation Policy for Residential Mortgage Assets. Section 110 of the Emergency Economic Stabilization Act (EESA)

Homeownership Preservation Policy for Residential Mortgage Assets. Section 110 of the Emergency Economic Stabilization Act (EESA) Homeownership Preservation Policy for Residential Mortgage Assets Section 110 of the Emergency Economic Stabilization Act (EESA) requires that each Federal property manager that holds, owns, or controls

More information

The Role of Government in a Disaster

The Role of Government in a Disaster Chapter 3: During the Disaster The Role of Government in a Disaster Government agencies play a critical role during times of disaster, but the exact role of government is often unclear to disaster victims.

More information

Small Business Administration: A Primer on Programs and Funding

Small Business Administration: A Primer on Programs and Funding Small Business Administration: A Primer on Programs and Funding Robert Jay Dilger Senior Specialist in American National Government Sean Lowry Analyst in Public Finance August 19, 2014 Congressional Research

More information

CRS Report for Congress

CRS Report for Congress Order Code RL33243 CRS Report for Congress Received through the CRS Web Small Business Administration: A Primer on Programs January 20, 2006 N. Eric Weiss Analyst in Financial Institutions Government and

More information

SBA FINAL JULY 2014 RETROSPECTIVE REVIEW PLAN UPDATE. PART A Ongoing Actions

SBA FINAL JULY 2014 RETROSPECTIVE REVIEW PLAN UPDATE. PART A Ongoing Actions SBA FINAL JULY 2014 RETROSPECTIVE REVIEW PLAN UPDATE PART A Ongoing Actions /OMB CONTROL NUMBER 1. AG49 TITLE OF INITIATIVE/RULE/ICR Standards: Employee Based Size Standards for Wholesale Trade and Retail

More information

SMALL BUSINESS ADMINISTRATION

SMALL BUSINESS ADMINISTRATION SMALL BUSINESS ADMINISTRATION AT A GLANCE: 2006 Discretionary Budget Authority: $593 million (Decrease from 2005: 3 percent) Major Programs: Small Business Loans Small Business Development Centers Disaster

More information

The Role of Elected Officials During Disasters. Florida Division of Emergency Management

The Role of Elected Officials During Disasters. Florida Division of Emergency Management INTERGOVERNMENTAL RELATIONS TEAM The Role of Elected Officials During Disasters STATE OF FLORIDA Florida Division of Emergency Management 2 Introduction All-Hazards Approach The State of Florida is vulnerable

More information

Illinois Housing Development Authority Tornado Relief Fund

Illinois Housing Development Authority Tornado Relief Fund Illinois Housing Development Authority The program will provide up to $40,000 in rehabilitation assistance to homeowners that are uninsured and underinsured for home repairs caused by tornadoes, or funds

More information

Morris County Long Term Recovery Committee A Committee of the Morris County Community Organizations Active in Disaster ASSISTANCE PROTOCOLS

Morris County Long Term Recovery Committee A Committee of the Morris County Community Organizations Active in Disaster ASSISTANCE PROTOCOLS Morris County Long Term Recovery Committee A Committee of the Morris County Community Organizations Active in Disaster ASSISTANCE PROTOCOLS Updated: October 8, 2013 MCLTR STRUCTURE The Morris County Long

More information

There is also Disaster Unemployment Assistance See Employment Law Section

There is also Disaster Unemployment Assistance See Employment Law Section FEDERAL EMERGENCY MANAGEMENT AGENCY (FEMA): DISASTER AWARDS What is FEMA? FEMA is the Federal Emergency Management Agency, which is responsible for providing and coordinating emergency services in Federally

More information

SBA Programs to Help You Start & Grow Your Small Business

SBA Programs to Help You Start & Grow Your Small Business SBA Programs to Help You Start & Grow Your Small Business U.S. Small Business Administration 6501 Sylvan Road, Suite 100 Citrus Heights, CA 95610 916-735-1700 www.sba.gov 08?11 BUSINESS LOANS & THE SBA

More information

SBA Loan Checklist. Ownership Information. Site Information (For Real Estate Transactions Only) Business Information

SBA Loan Checklist. Ownership Information. Site Information (For Real Estate Transactions Only) Business Information SBA Loan Checklist Ownership Information Completed Credit Application Completed Personal Financial Statement (for each owner) Summary of Project Cost (form attached) 3 Years Personal Federal Tax Returns

More information

House Research Department General Fund Appropriations in Flood Relief Bills

House Research Department General Fund Appropriations in Flood Relief Bills House Research Department General Fund Appropriations in Flood Relief Bills These tables included state funding from the major disaster bills enacted to respond to a disaster. Appropriations may have been

More information

AUDIT REPORT HURRICANE SANDY EXPEDITED LOAN PROCESSES. July 13, 2015 REPORT NUMBER 15-13

AUDIT REPORT HURRICANE SANDY EXPEDITED LOAN PROCESSES. July 13, 2015 REPORT NUMBER 15-13 AUDIT REPORT HURRICANE SANDY EXPEDITED LOAN PROCESSES July 13, 2015 REPORT NUMBER 15-13 EXECUTIVE SUMMARY Audit Report No. 15-13 HURRICANE SANDY EXPEDITED LOAN PROCESSES What OIG Reviewed The Small Business

More information

Preparing for Catastrophe:

Preparing for Catastrophe: A Report by a Panel of the NATIONAL ACADEMY OF PUBLIC ADMINISTRATION for the U.S. Congress and the U.S. Small Business Administration Preparing for Catastrophe: Management Review of the Small Business

More information

Emergency Management Certification and Training (EMC & T) Refresher Terry Hastings, DHSES Senior Policy Advisor

Emergency Management Certification and Training (EMC & T) Refresher Terry Hastings, DHSES Senior Policy Advisor Emergency Management Certification and Training (EMC & T) Refresher Terry Hastings, DHSES Senior Policy Advisor 2015 NYSEMA Conference 2 Please sign in to ensure that you receive credit for the refresher

More information

SCORE. Counselors to America s Small Business SMALL BUSINESS START-UP FINANCING OVERVIEW

SCORE. Counselors to America s Small Business SMALL BUSINESS START-UP FINANCING OVERVIEW SCORE Counselors to America s Small Business SMALL BUSINESS START-UP FINANCING OVERVIEW One key to a successful business start-up and expansion is your ability to obtain and secure appropriate financing.

More information

MONTGOMERY COUNTY, KANSAS EMERGENCY OPERATIONS PLAN. ESF14-Long Term Community Recovery

MONTGOMERY COUNTY, KANSAS EMERGENCY OPERATIONS PLAN. ESF14-Long Term Community Recovery MONTGOMERY COUNTY, KANSAS EMERGENCY OPERATIONS PLAN ESF14-Long Term Community Recovery Planning Team Support Agency Coffeyville Public Works Independence Public Works Montgomery County Public Works 1/15/2009

More information

Lawyers Alliance for New York

Lawyers Alliance for New York Lawyers Alliance for New York Rebuilding After Hurricane Sandy: Government Aid available to Nonprofits Linda S. Manley, Legal Director (212) 219-1800 ext. 239 Lmanley@lawyersalliance.org Resource Call

More information

City of Tuscaloosa SMALL BUSINESS REVITALIZATION LOAN PROGRAM APPLICATION

City of Tuscaloosa SMALL BUSINESS REVITALIZATION LOAN PROGRAM APPLICATION City of Tuscaloosa SMALL BUSINESS REVITALIZATION LOAN PROGRAM Community Development Block Grant Disaster Recovery APPLICATION Disaster Recovery Division Office of the Mayor 2201 University Boulevard, Tuscaloosa,

More information

Creative Financing for Economic Recovery. Howard Pierpont

Creative Financing for Economic Recovery. Howard Pierpont Creative Financing for Economic Recovery Howard Pierpont Small Business Financing No small Job Small Business Financial Challenge Small business owners will do anything to remain independent They d prefer

More information

Table of Contents. Introduction 1. Foreword...1 Purpose...1 Role of State OES...1 DAD Overview...1 Regional Map...2 Before Disaster Strikes...

Table of Contents. Introduction 1. Foreword...1 Purpose...1 Role of State OES...1 DAD Overview...1 Regional Map...2 Before Disaster Strikes... Table of Contents Introduction 1 Foreword...1 Purpose...1 Role of State OES...1 DAD Overview...1 Regional Map...2 Before Disaster Strikes...3 Recovery: Returning to Predisaster Conditions 3 Introduction...3

More information

Introduction to Small Business Administration Lending

Introduction to Small Business Administration Lending Introduction to Small Business Administration Lending University of Georgia School of Banking Jeff K. Roach, Small Business Resource Associates jkroach@smallbizres.com 770-894-1679 www.smallbizres.com

More information

Public Assistance Program and Educational Facilities Frequently Asked Questions

Public Assistance Program and Educational Facilities Frequently Asked Questions Fact Sheet Public Assistance Program and Educational Facilities Frequently Asked Questions The Department of Homeland Security s Federal Emergency Management Agency (FEMA) Public Assistance Program, under

More information

CHAPTER 15 DISASTER COST RECOVERY PROCEDURES

CHAPTER 15 DISASTER COST RECOVERY PROCEDURES Kern County Policy and Administrative Procedures Manual CHAPTER 15 DISASTER COST RECOVERY PROCEDURES 1501. General Statement... 1 1502. Disaster Relief Claim Procedures... 1 1503. Responsibilities... 2

More information