One Year Later... | Do You Have a Plan?

Region VI - South Central Region  - August 15, 2018

u s small business administration
Three Brothers Bakery after Hurricane Harvey

In the aftermath of Hurricane Harvey, the SBA approved a total of 43,412 disaster loans for $3.39 billion. Of those, 3,968 loans valued at $442 million were approved to businesses, and 39,544 loans for $2.9 billion were approved for homeowners and renters. 

Three Brothers Bakery

One Year Later...

Do You Have a Plan?

SBA Administrator Linda McMahon

 By Linda McMahon, SBA Administrator

Over the past year, the U.S. Small Business Administration has helped thousands of residents and entrepreneurs in Texas, Florida, Georgia, South Carolina, the U.S. Virgin Islands and Puerto Rico rebuild their homes and businesses damaged by Hurricanes Harvey, Irma and Maria. Many are still recovering from the storms that caused unprecedented physical and economic devastation.

After Hurricane Harvey made landfall in Texas on August 26, 2017, the SBA quickly ramped up its disaster operations to respond to the survivors’ long-term recovery needs.  Two weeks later, Hurricane Irma slammed into Florida, while also impacting Georgia, South Carolina, Puerto Rico and the U.S. Virgin Islands. The SBA deployed more staff and resources to help those residents and businesses rebuild.  On September 20, the deadly Hurricane Maria wiped out Puerto Rico’s infrastructure and left widespread damage on the U.S. Virgin Islands.

At one point during the post-hurricanes’ recovery phase, the SBA had staff working in 402 recovery centers in the states and territories affected by the storms.  To date, the SBA has approved 139,448 low-interest disaster loans totaling $7.1 billion.

As we head into the peak period of the Atlantic hurricane season, the SBA is again ready to provide assistance to any homeowner, renter or business if another major storm should hit. Meanwhile, we’re urging everyone to put a disaster preparedness plan in place. Being prepared for any kind of emergency means you’ll rebound sooner with less impact to your financial reserves.

We shared some business continuity suggestions in a hurricane season blog posted in June.  Homeowners and renters may also find these tips (like saving your important documents in the cloud) useful.

While we hope this year’s hurricane season is less eventful, the lessons from 2017 are an incentive to make a plan to protect your families, your businesses and your communities.

Disaster preparedness resources:

Insurance Institute for Business & Home Safety (link is external)—Tips on how to create your own business continuity plan, how to rebuild stronger, and an interactive disaster hazard map

Ready.Gov—Preparedness tips for risks including floods, hurricanes, earthquakes, tornadoes cyber-attacks and active shooters 

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Arkansas Director Edward Haddock

Arkansas District

Edward Haddock, Director

Herbert Austin, Dallas-Fort Worth Director

Dallas-Fort Worth District

Herb Austin, Director

Phil Silva, El Paso Director

El Paso District

Phillip Silva, Director

Tim Jeffcoat, Houston Director

Houston District

Tim Jeffcoat, Director

Michael Ricks, Louisiana Director

Louisiana District

Mike Ricks, Director

Angela Burton, Lower Rio Grande Valley District Director

Lower Rio Grande Valley District

Angela Burton, Director

Calvin Davis, Lubbock-West Texas District

Lubbock-West Texas District

Calvin Davis, Director

John Garcia, New Mexico District Director

New Mexico District

John Garcia, Director

Dottie Overal, Oklahoma Director

Oklahoma District

Dottie Overal, Director

Anthony Ruiz, San Antonio District Director

San Antonio District

Anthony Ruiz, Director