Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.