In the wake of Hurricane Ian, the SBA reminds small businesses about its disaster loans (Disaster assistance). These are direct loans from the SBA to businesses located within a declared disaster area. There are 2 types of disaster loans: (1) physical damage loans to cover the cost of repairs and the replacement of physical assets, and (2) economic injury disaster loans to provide economic relief to small businesses that suffered substantial economic consequences to pay for operating costs, even if there was no property damage. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
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