During a major disaster, or even a medium-sized one, people’s attention often focuses first on the basics like making sure their family is safe and they have adequate food and shelter.

A less immediate thought is given to how and when your business can resume operations, or even if it can.

For instance, if your physical location is damaged, it might take longer to repair or rebuild even if you or your customers are ready to start doing business again.

However, there are a variety of resources available especially for business owners from the Small Business Administration, including SBA loans for people dealing with disasters.

A low-interest SBA loan can provide assistance to get your enterprise up and running again, including supplies and labor for repairs, or the costs of moving to a new location or replacing damaged, broken or missing office equipment.

These may supplement insurance payments, especially if insurance doesn’t pay enough. Some policies may not pay fully in the event of natural disasters. Plus, people are encouraged to begin the SBA loan process while awaiting insurance payments.

An SBA loan may also fund “economic injury” loans if a disaster disrupted standard economic activity.  The loans can pay for construction repairs plus other working capital needs, including payroll and related expenses.

According to the Federal Emergency Management Agency, there is up to $2 million available for impacted eligible small business or non-profits, and loan amounts can be up to 20 percent of any physical damage, which needs to  verified by FEMA.  Funds can repair damage but also add protections against future disasters that are similar, including adding shelters or safe rooms to protect property, equipment or employees.

Loan information can be provided by FEMA, the SBA or state disaster authorities. Details can be found online at disasterassistance.gov, by phone at 800-621-3362. In declared federal disaster areas, authorities also have created disaster recovery centers that will provide resources for home, personal or business loans.

For more information on other financing options, visit Monstera Lending Group.