WASHINGTON – With the six-month Atlantic hurricane season beginning June 1, the SBA is urging small businesses to take steps to protect their lives and property. In the aftermath of last summer's hurricanes that caused billions of dollars in losses in Florida and 12 other states, the SBA approved more than $2 billion in disaster loans to about 63,000 residents and businesses. "While the SBA is always ready to help homeowners and entrepreneurs rebuild after a disaster," said SBA Administrator Hector Barreto, "millions in taxpayer dollars can be saved when flood losses are covered by insurance." Credit unions in the affected states were also impacted by 2004′s hurricanes through power and ATM failures, flood damage, roof damage and having to temporarily close branches.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.