After surviving Hurricane Ian, businesses need to face another challenge – rebuilding and recovering from the rubbles. To ensure that businesses are provided with state-of-the-art assistance, here is a list of federal resources available:
• FEMA – Disaster victims can choose among the various assistance disaster programs.
• SBA Economic Injury Loan – Small businesses and small agricultural cooperatives can file this to help pay bills.
• SBA Physical Disaster Loans – Businesses of all sizes can avail of this loan for repairs or replacement of damaged real estate, equipment, inventory and fixtures.
• IRS Excise Tax – The IRS may waive tax penalties on disasters based on circumstances.