In the last post, I pointed to a Tennessean column calling on small businesses owners who are facing a flood or other hardship to resort to bootstrapping (cut spending, limit new spending, etc.) to pull themselves out. If you would either prefer to or need to take on more debt to do so, where should you turn?
The Small Business Administration provides low interest loans to “homeowners, renters, businesses of all sizes and private, non-profit organizations to repair or replace real estate, personal property, machinery & equipment, inventory and business assets that have been damaged or destroyed in a declared disaster.” They house a variety of disaster assistance resources on their website, including tutorials, videos, recovery plans, and applications to apply for assistance.




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