Some 40 percent of small businesses never reopen after
a disaster, according to the Federal Emergency Management
There are many sources for small businesses to get help when
they experience a disaster event. Below is a
list of those resources.
Houston Black Expo Relief Fund:
The Texas Black Expo and Emmy Award-winning producer,
entrepreneur, and Houston native Rushion McDonald have
teamed up to raise $100,000 for small businesses affected by
Hurricane Harvey. Eligible applicants will receive a
one-time grant of $1,000 within 48 business hours of
Industry (B&I) Guaranteed Loan Programs:
Under the B&I Guaranteed Loan Program, loans can be
made to eligible entities including corporations,
partnerships, cooperatives, Federally-recognized Indian
Tribes, individuals, and other legal entities to provide
financial assistance for a variety of purposes, including
capital expenditures, working capital, equipment and
refinancing. Purposes can include the repair and damage to
businesses as a result of the natural disaster.
Development Grant Program:
The Rural Business Development Grant Program (RBDG)
was created under the 2014 Farm Bill, and consolidates the
Rural Business Enterprise Grant (RBEG) and Rural Business
Opportunity Grant (RBOG) Programs. USDA Rural Development is
currently working on a rule to implement the program. We
will keep the public advised as we move forward.
Relending Program (IRP):
(IRP) Under IRP, loans are made to intermediaries who
provide loans to ultimate recipients for business facilities
and community development projects. The loan is made to an
intermediary re-lender who, in turn, establishes a revolving
fund and re-lends to various entities for eligible purposes.
Businesses impacted by natural disasters could possibly
qualify as a recipient for the revolved funds under this
Development Loan and Grant (REDLG) Program:
The REDLG Program provides financial assistance to
Utilities Programs electric and telephone borrowers to
re-lend for a variety of economic business and community
development purposes. Loans are provided to finance a broad
array of projects including for-profit businesses. Utilities
Programs borrowers may receive financing for grant purposes
through either a grant to establish a revolving loan fund or
a combination loan and grant.
Have the President or Secretary of Agriculture
declared or designated your area as a disaster or quarantine
area? If so, do you own or operate a farm or ranch in
the primary or an adjoining county? If you can answer
“yes” to both of these questions, the U.S. Department of
Agriculture's Farm Service Agency (USDA FSA) offers
emergency loans that may help you. Emergency loan
funds may be used to:
-Restore or replace essential property.
-Pay all or part of production costs for the disaster
-Pay essential family living expenses.
-Reorganize the farming operation.
-Refinance certain debts.
Conservation Program (ECP) for Agricultural Producers:
The Emergency Conservation Program (ECP) offers
funding and assistance to farmers and ranchers to repair
damage to farmlands caused by natural disasters. It also
helps to put water conservation methods in place for times
of severe drought and can help pay for their installation.
Disaster Assistance Program:
The U.S. Department of Agriculture's Farm Service
Agency's (USDA FSA) Noninsured Crop Disaster Assistance
Program (NAP) offers payments to producers of eligible crops
to protect against low yields, loss of inventory, or
prevented planting due to a natural disaster.
and Emergency Relief Program for Individuals and Businesses:
If you have damaged or lost property in an area
declared a federal disaster by the President, you may be
able to get money back from the IRS right now.
Individuals and businesses in a federally declared disaster
area can get faster refunds by claiming disaster losses on
their tax return for the prior year. You can usually do this
by filing an amended return.
Restore Louisiana Small Business Program:
Provides assistance to small businesses located in
areas adversely affected by the 2016 Severe Storms and
Flooding Events. OCD-DRU will provide program
assistance to eligible businesses and/or non-profit
organizations through participating non-profit lenders,
credit union and/or community development financial
institutions who will implement and administer a lending
program to assist impacted businesses and non-profits.
Community lenders will make loans to small businesses
in the 51 flood-impacted parishes to provide working capital
and funds to repair or replace movable equipment and
machinery. Assistance for construction-related expenses is
not available through this program.
The program will make loans between $20,000 and
$50,000 to eligible businesses. In certain cases, loan
amounts may be higher. If borrowers comply with program
requirements, provide required documentation and make
payments as agreed, the loan will be interest free and 20%
of the loan will be forgiven when 80% of the principal is
The Florida Small Business Emergency Bridge Loan
This program provides a source of expedient cash flow
to Florida small businesses that have been physically and/or
economically impacted by this storm.
These short-term, interest-free working capital loans
are intended to “bridge the gap” between the time a major
catastrophe hits and when a business has secured longer term
recovery resources, such as sufficient profits from a
revived business, receipt of payments on insurance claims or
federal disaster assistance.
Amount: Between $1,000 and $25,000.
Term: 90 or 180 days based on individual business
Interest: Loans will be interest-free for the loan
Federal Home Loan Bank of Dallas (Bank)
In response to Hurricane Harvey, the Federal Home Loan
Bank of Dallas (Bank) is making available more than $6.7
million through three grant programs: $4.5 million is
available to help members' employees with their recovery
efforts; $2.0 million is available to assist small
businesses with their recovery efforts; and $225,000 is
available to support community-based organizations (CBOs)
involved in the recovery efforts.
The Recover Colorado Business Grant & Loan program
assists small business and non-profits (including special
districts). Fifty percent of the funds allocated are for
low-and-moderate incomes businesses and individuals.
Grants of up to $10,000 or ($25,000 for entities with
multiple flood impacted locations.) and Loans of up to
$50,000 with favorable terms.
The North Carolina Small Business Recovery Fund:
The North Carolina Small Business Recovery Fund
provides low-interest loans to businesses.
The fund provides gap financing as a complement to
Small Business Administration and other disaster recovery
programs. An SBA turndown does not disqualify applicants for
these funds. Loan Amount: Starting at $1,000, with no
maximum loan size. Loan Terms: Up to 10 years.
Average Rates: Between 5-9% (evaluated on a case-by-case
basis). Up to two years interest only and/or deferred
payments (evaluated on a case-by-case basis).
The NY Rising Small
The NY Rising Small Business Program renders grants of
$50,000 or more to independently-owned and operated small
businesses that suffered loss as a result of recent storms.
Louisiana Small Business Assistance Program:
A total of $43 million is available to eligible small
businesses and nonprofits in no-interest, partially
forgivable loans of $20,000 to $50,000. The money can be
used for working capital, rent, mortgage, utilities,
non-owner employee wages and inventory. It also can be used
for repairing or replacing movable equipment and machinery,
though construction-related expenses are not eligible.
MO Small Business Disaster Loan Program:
The Disaster Relief loan program, part of the MO Small
Business Loan Program, intends to provide financial
assistance and access to capital to businesses impacted by a
natural disaster. This may include businesses sustaining
direct property damage or local businesses sustaining
interruptions to their operation and services because of
temporary customer loss, temporary interference with access
or other impacts.
The interest rate is 3 percent with a 2-year deferral
period or 1 percent interest rate for the 10-year term of
the loan (borrower’s option); The terms are typically
10 years or less but may be adjusted for adequate debt
coverage. Loan repayment is quarterly principal and interest
payments; Payments may be auto debited from a checking
or savings account; The minimum loan amount is $2,500
and the maximum loan amount is $50,000.