Economic Development Recovery and Resiliency Playbook - Flipbook - Page 96
FEMA National Flood Insurance Program
FEMA provides the National Flood Insurance Program to enable personal and business property owners and renters to
purchase flood insurance coverage for buildings and/or contents in low- to moderate-flood risk areas, as well as in high-risk
flood zones, to reduce taxpayer provided federal disaster assistance and to promote wise floodplain management practices in
the nation’s high-risk flood zones.
Applicant and Beneficiary Eligibility. Federal flood insurance can be made available for residential and business property
owners, renters, and state-owned property in any community that adopts and enforces floodplain management measures
consistent with the National Flood Insurance Program regulations.
U.S. Department of Labor
Disaster Unemployment Assistance (DUA). The DUA program provides temporary benefits to people who as a result of a
major disaster lost their employment or self-employment or had it interrupted. Funds are available from the U.S. Department of
Labor.
To qualify for DUA you must meet both of these conditions:
1. Your job must have been lost or interrupted as a result of a presidentially declared disaster; and
2. You must not be eligible for regular unemployment insurance benefits.
You must be available and able to work unless you meet one of these two conditions:
1. You have an injury caused by the disaster; or
2. You are taking steps to return to self-employment.
Afer a disaster, your afected state will publish information about DUA availability. As soon as possible, contact your state’s
unemployment agency to file a claim for benefits.
U.S. Small Business Administration (SBA)
SBA Business Disaster Loans. The SBA ofers afordable financial help to businesses and private nonprofit organizations in
declared disaster areas and provides low-interest, long-term loans for losses not fully covered by insurance or other means.
SBA disaster loans are the main federal assistance ofered to repair and rebuild non-farm, private sector disaster losses. To
qualify for SBA disaster loans, your business or private nonprofit organization must have physical damage or economic harm
and be located in a declared county.
Businesses of all sizes, as well as private nonprofit organizations, may borrow up to $2 million to repair or replace:
• Damaged or destroyed real estate
• Machinery and equipment
• Inventory and other business assets
You may apply online at any time using SBA’s Disaster Loan Application.
To receive business counseling from the SBA, use the form available at SBA Counseling Information Form 641.
SBA Economic Injury Disaster Loans (EIDLs). EIDLs can provide up to $2 million of financial assistance (actual loan amounts
are based on amount of economic injury) to small businesses or private, non-profit organizations that sufer substantial
economic injury as a result of the declared disaster, regardless of whether the applicant sustained physical damage.
An EIDL can help you meet necessary financial obligations that your business or private, non-profit organization could have met
had the disaster not occurred. EIDLs do not replace lost sales or revenue.
To be eligible for EIDL assistance, small businesses or private nonprofit organizations must have sustained economic injury and
be located in a disaster declared county or contiguous county.
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