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Go Get A Loan
Small businesses in areas affected by Hurricanes Katrina and Rita will be eligible for a new U.S. Small Business Administration-backed loan of up to $150,000. The GO Loan Pilot Program was launched in November to help speed financing for recovery and rebuilding. The loans will be delivered through local banks and will be handled under an expedited process that can deliver a response in 24 hours or less.
GO Loans will be available through Sept. 30, 2006, to small businesses in the counties and parishes of Texas, Louisiana, Mississippi, Alabama and western Florida that are included in the Presidential disaster declarations for Hurricanes Katrina and Rita. To find out more, go to http://sba.gov/financing/goloans.
Risky Business
Is your small business at risk? The U.S. Small Business Administration offers an online brochure that might provide the answer. The brochure, which you print out, looks at seven areas of common concern. You answer pointed questions that will help you evaluate the security of:
Plus, you get tips on what to do in the event of a loss. Get the Small Business Insurance & Risk Management Guide MP-28 online at http://www.sba.gov/library/pubs.html#mp-28.
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