Financial Help For Small Businesses That Are Affected By Natural Hazards
The U.S. Small Business Administration (SBA) was founded in 1953 and since its inception; small businesses interest has been aided, counseled, assisted and protected by it. No doubt SBA provides considerable financial support to small businessmen but its role in providing assistance to those affected by natural as well as man made or other disasters declared by the government is notwithstanding very important.
The largest grant-funded service delivery network of SBA is The Small Business Development Center Program, creating opportunity for small businessmen to avail various provisions and schemes being launched by it from time to time. It operates with the mission to provide as much assistance possible for the business and economic development to bolster growth, expansion and modernization, increase production and improve management. SBDC provides assistance by linking Federal, state, and local government resources with private sector and educational community.
This year Small Business Administration (SBA) planned to issue Program Announcement No.OSBDC-2009-04 for the invitation of applications from Lead Small Business Development Centers to receive funds for providing training, counseling and educational activities to those small businesses, who had been either affected by the natural disasters such as hurricanes, flooding, or any disaster of serious nature during the year 2008. These business development centers are serving at least 100-affected small businesses as a declared subject of a Presidential Major Disaster Declaration.
This announcement has been made under Public Law 110-329 proclaimed on September 30, 2008. Under this announcement, SBA is expected to issue awards to the amount of $10,000,000. There are around 63 Lead Centers under SBDC program and minimum fixed amount of award has been fixed $10000 for one Lead Center whereas maximum has been fixed according to its eligibility. SBDC has communicated to SBA that this amount of current funding is enough to provide benefits to 100 small businesses affected by natural hazards. For full details on description of the grant, eligibility of the applicants and the applying procedures, you can visit the site: http://www07.grants.gov/search/search.do;jsessionid=cgGSJkjJRJpxJP8r0RJ5kpfRjnCX72Jm1MvGg04yT8TjQGjlQT2B!-399269325?oppId=44200&flag2006=false&mode=VIEW
There are many programs available to assist affected small businessman in rural areas too. Though rural development business programs do not have any authoritative body for providing assistance in case of disaster yet there are many programs available that are adequate enough to give financial relief to small businesses. Among many are Business and Guaranteed Loan Program, Rural Business Enterprise Grant Program, Rural Business Opportunity Grant Program, Rural Economic Development and Loan and Grant Program.
Government has made clear that for small businessmen, there is no need of any fear of losses on account of the disasters as they can always apply to SBA for assistance only with the condition that they have to keep themselves updated about recent announcements
The largest grant-funded service delivery network of SBA is The Small Business Development Center Program, creating opportunity for small businessmen to avail various provisions and schemes being launched by it from time to time. It operates with the mission to provide as much assistance possible for the business and economic development to bolster growth, expansion and modernization, increase production and improve management. SBDC provides assistance by linking Federal, state, and local government resources with private sector and educational community.
This year Small Business Administration (SBA) planned to issue Program Announcement No.OSBDC-2009-04 for the invitation of applications from Lead Small Business Development Centers to receive funds for providing training, counseling and educational activities to those small businesses, who had been either affected by the natural disasters such as hurricanes, flooding, or any disaster of serious nature during the year 2008. These business development centers are serving at least 100-affected small businesses as a declared subject of a Presidential Major Disaster Declaration.
This announcement has been made under Public Law 110-329 proclaimed on September 30, 2008. Under this announcement, SBA is expected to issue awards to the amount of $10,000,000. There are around 63 Lead Centers under SBDC program and minimum fixed amount of award has been fixed $10000 for one Lead Center whereas maximum has been fixed according to its eligibility. SBDC has communicated to SBA that this amount of current funding is enough to provide benefits to 100 small businesses affected by natural hazards. For full details on description of the grant, eligibility of the applicants and the applying procedures, you can visit the site: http://www07.grants.gov/search/search.do;jsessionid=cgGSJkjJRJpxJP8r0RJ5kpfRjnCX72Jm1MvGg04yT8TjQGjlQT2B!-399269325?oppId=44200&flag2006=false&mode=VIEW
There are many programs available to assist affected small businessman in rural areas too. Though rural development business programs do not have any authoritative body for providing assistance in case of disaster yet there are many programs available that are adequate enough to give financial relief to small businesses. Among many are Business and Guaranteed Loan Program, Rural Business Enterprise Grant Program, Rural Business Opportunity Grant Program, Rural Economic Development and Loan and Grant Program.
Government has made clear that for small businessmen, there is no need of any fear of losses on account of the disasters as they can always apply to SBA for assistance only with the condition that they have to keep themselves updated about recent announcements
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