Posts Tagged ‘Economic Injury Disaster Loans’

Recovering From Last Winter, Preparing for the Next One

Tuesday, December 8th, 2015
It's Not All Fun

It’s Not All Fun

As we prepare for this winter season, many small businesses are still recovering from the last winter. The deadline is fast approaching for small businesses impacted by last season’s winter storms (specifically, those that struck New England between January 28 to 28) to apply for the low-interest Economic Injury Disaster Loans of the U.S. Small Business Administration. The same deadline applies for SBA EIDL applications for small businesses (“private non-profit organizations” is the term the SBA uses) in Tennessee that were impacted by the severe winter storms and flooding that occurred on February 15 – 22, 2015. Insuring against storm-related losses is generally more cost-effective than borrowing to finance the losses after the storm has occurred. Now is the time to review your insurance policy to make sure that your coverage will protect your business this winter.