September 20, 2017
Contact: Ann Fierova, Director of Del Mar College Small Business Development Center, at
Melinda Eddleman or Rosa Linda Reynoso, DMC College Relations, at 361-698-1247
Online releases: www.delmar.edu/Press_Releases.aspx
Collaboration among College, UTSA and National SBA to help small businesses with challenges and recouping from storm
In the days since Hurricane Harvey’s Texas landfall last month, the Del Mar College Small Business Development Center (SBDC) has coordinated efforts with the U.S. Small Business Administration (SBA) as part of University of Texas-San Antonio’s South-West Texas Border (SWTXB) SBDC Network. The collaboration is designed to assist Texas small businesses impacted by the devastating Category 4 storm that caused unprecedented damage along the state’s Gulf Coast.
The SWTXB SBDC Network––which is comprised of 13 SBDC centers across 79 counties throughout Central, West and South Texas––includes affiliate centers at the Del Mar College SBDC in Corpus Christi, University of Houston-Victoria SBDC and Texas State University SBDC in Austin. All three affiliate centers have coordinated with FEMA and the SBA to provide disaster assistance to small businesses in affected areas.
Many business owners are now dealing with personal losses in addition to varying levels of physical damage and economic injury to their businesses. Small businesses impacted by Harvey will face extreme challenges and will likely need to re-assess their business model and current and future markets. Additionally, financial recovery, financial record reconstruction and the management of accounts receivables and payables are all areas of business recovery that small business owners should begin considering.
Applying with FEMA and the SBA are necessary first steps to begin the business recovery process. Business owners are encouraged to apply through https://www.fema.gov/ to obtain a FEMA Registration ID Number and throughhttps://disasterloan.sba.gov/ela/ for SBA Disaster Loan Assistance.
Current application filing deadlines that business owners must know are:
- Physical Damage: October 24, 2017
- Economic Injury: May 25, 2018
Texas Small Business Development Centers (SBDC), including those in the Houston area, are providing services at no-cost to help small businesses navigate through the recovery process.
Local SBA Business Recovery Centers currently located in Port Aransas and Rockport are referring small businesses seeking disaster loan assistance to Texas SBDCs for the following:
- Help in reconstructing damaged or destroyed business records
- Business planning to help business owners re-establish their operations and plan for their future
- Assistance with updating or rewriting business plans
- Counseling for financial, accounting, marketing and other post-disaster challenges
- Assistance with accessing government contracts and procurement related to the disaster
- Management and technical assistance
Del Mar College SBDC Advisors are available to assist owners with their SBA Business Disaster Loan Assistance documents. If individuals are already clients of the SBDC and seeking an SBA loan to assist with business recovery, they need to contact their advisor directly for assistance with the application.
If small business owners are not current SBDC clients, they need to register for SBDC guidance at www.seminarscc.com. When registering to be a SBDC client, check the DISASTER RECOVERY box on the “Area of Assistance” page after the online signature page.
“Our experience with disasters of this magnitude has shown that 40 percent of small businesses never reopen, and the remainder take three to five years to recover,” said Al Salgado, executive director for the South-West Texas Border SBDC Network. “Advisors from across the Texas SBDC Network are prepared to guide business owners through the SBA Disaster Loan Application, assess damages to their business and explore opportunities to re-establish operations if possible.”
For more disaster assistance information, visit http://www.sba.gov/disaster. Disaster loan information is also available from SBA’s Customer Service Center by calling 800-659-2955 or emailing email@example.com. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.