It is National Preparedness Month and the Boy Scouts motto is "Be Prepared."
In conjunction with the five-year anniversary of the devastating Gulf Coast storms of 2005, the U.S. Small Businesses Administration is encouraging business owners, homeowners and others to create their own disaster preparedness plan during National Preparedness Month in September.
To prepare for disasters, SBA offers the following tips:
•Develop a solid emergency response plan.
• Make sure you have adequate insurance coverage.
• Copy important records.
• Create a "Disaster Survival Kit."
When disaster strikes, the SBA makes low-interest loans to homeowners, renters and non-farm businesses of all sizes.
To learn more about the SBA’s disaster assistance program, visit the website at www.sba.gov/disasterassistance.
For small businesses, the best way to be prepared is to ensure your company has adequate permanent working capital. A SBA 7(a) loan can be used for working capital purposes.