NC OPEN FOR BUSINESS: Disaster Recovery Assistance for Business Owners Impacted by Hurricane Florence

NC OPEN FOR BUSINESS

Disaster recovery assistance for business
owners impacted by Hurricane Florence

Check back often as this website will be
updated as information becomes available

SBTDC Logo SBCN logo the Rural Center logo THREAD Capital Subsidary logo North Carolina SBA logo FEMA logo
SBTDC Logo SBCN logo the Rural Center logo THREAD Capital Subsidary logo North Carolina SBA logo FEMA logo
SBTDC Logo SBCN logo the Rural Center logo
THREAD Capital Subsidary logo North Carolina SBA logo FEMA logo

FIRST STEPS TO BUSINESS RECOVERY

1.   Contact your insurance carrier to file your claim. If you are leasing business space, ensure that your lease owner has contacted their insurance carrier. Take pictures of the damage.
2.   Register with FEMA. Once a federal disaster declaration has been made for your area (check here for a list of declared counties, we update it daily), contact FEMA by phone or online at http://www.fema.gov to report any loss. FEMA will take your information and provide you with a registration number. For business losses, FEMA will refer you to the U.S. Small Business Administration.

FEMA Phone Registration
1-800-621-FEMA    (3362) or TTY
1-800-462-7585    (speech & hearing impaired).

You can also visit a FEMA/SBA Disaster Recovery Center (DRC) in your area. DRC’s are temporary assistance centers that are established after a federal disaster declaration has been made. These centers have staff from both FEMA and SBA and oftentimes other state resources. We update our list of locations regularly as more recovery centers open across the region. These centers are often busy, so if you are able to register by phone or online, we recommend that. (If you want to learn what other resources are available, you may want to visit a center directly.) SBA also has Business Recovery Centers (BRC’s). These locations are staffed by SBA staff only. Often less busy, but they only handle SBA loan applications.

3.   If needed, apply for a Rapid Recovery loan. If you need speedy access to capital, Thread Capital, the NC Rural Center’s lending arm, offers Rapid Recovery loans up to $50,000 dollars. Click here to apply. These short-term loans can be repaid with insurance proceeds or other disaster loan proceeds (such as an SBA disaster loan). The application requirements and documentation are minimal, but SBTDC counselors can help with your application if you need assistance.
4.   If needed, apply for an SBA disaster loan. SBA provides low interest disaster loans for homeowners, renters, businesses, and non-profits. SBTDC counselors can assist you in preparing your loan package which often requires some homework on your part – gathering documents and tax records, etc. SBTDC counselors can also help evaluate your ability to repay a loan and help you make good decisions for your recovery. There are two types of SBA disaster loans: (1) physical damage; and (2) economic injury. Apply online, visit an SBTDC office, or visit a recovery center in your area.
5.   Contact the North Carolina SBTDC near you for assistance in developing your overall recovery plan. Our organization has been helping small and mid-size business in NC for 35 years. Our counseling staff can help you:
  • Assess the financial impact on your business
  • Reconstruct financial statements
  • Explore options with creditors
  • Prepare your emergency bridge loan and/or SBA disaster loan application
6.   Keep a cool head. You may hear rumors about grants for individuals or businesses. This is common after every disaster and often leads people to delay their own recovery plans. There are NO grants. There is only hard work, good decisions, ingenuity, good advice from experienced professionals and loan programs. Be proactive, be patient and be persistent in pursuing your recovery. It’s a long road. Many local, state and federal partners work closely to provide as much assistance as possible.
7.   Educate yourself about the recovery process. Check out the guides and resources from our friends at SBP USA. Founded in New Orleans after Hurricane Katrina. SBP USA now assists communities all across the US recover from disaster. Their free guides are an excellent tool to help you understand and navigate the complex recovery process. http://sbpusa.org/start-here

BUSINESS RECOVERY COUNSELING

The North Carolina SBTDC has a long history of assisting businesses with disaster recovery. Contact one of the SBTDC offices in your area to obtain no-cost assistance to:

  • Assess the financial impact on your business
  • Develop strategies for your recovery
  • Reconstruct financial statements
  • Evaluate options with creditors
  • Prepare SBA disaster loan applications

DECLARED COUNTIES

Check back frequently for the most up to date list of federally declared counties. Once declared, businesses and non-profits in adversely affected and contiguous counties that have been impacted by Hurricane Florence will be able to apply for low-interest loans through the U.S. Small Business Administration (SBA). The two types of loans consist of Business Physical Disaster Loans and Economic Injury Disaster Loans.

Physical Damage and Economic Injury

The following counties are eligible for Business Physical damage and/or Economic Injury disaster loans from the SBA: Beaufort, Bladen, Brunswick, Carteret, Columbus, Craven, Cumberland, Duplin, Harnett, Jones, Lenoir, New Hanover, Onslow, Pamlico, Pender, Robeson, Sampson and Wayne

Economic Injury Only

North Carolina: Bladen, Chatham, Columbus, Duplin, Greene, Hoke, Hyde, Johnston, Jones, Lee, Lenoir, Martin, Moore, Pitt, Sampson, Scotland, Wake, Washington and Wilson

South Carolina: Dillon, Horry, Marlboro

TYPES OF DISASTER ASSISTANCE AVAILABLE

Hurricane Florence Rapid Recovery Loan

Short-term, no-interest loans intended to “bridge the gap” between the time a major catastrophe occurs and when a business has secured other resources like insurance proceeds or SBA disaster loans. Eligible applicants must have between 1 and 100 employees. Non-employer businesses (such as passive real estate holding companies) may qualify if the loan proceeds will be used to benefit a tenant with employees or other eligible business.

Get more information on the Hurricane Florence Rapid Recovery Loan »

SBA Business Physical Disaster Loans

Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible.

Get more information on Business Physical Disaster Loans »

SBA Economic Injury Disaster Loans (EIDL)

Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.

Get more information on Economic Injury Disaster Loans »

Disaster Unemployment Assistance

Workers who became unemployed as a direct result of the effects of Hurricane Florence impacting North Carolina, may be eligible for unemployment insurance benefits under the Disaster Unemployment Assistance (DUA) program. Business owners affected by the storm may also qualify for benefits.

Get more information on Disaster Unemployment Assistance »

Disaster Recovery Contracting Opportunities

Disaster recovery operations need vendors that can clear debris, provide facility support services, furnish necessary supplies, and much more. Different aspects of the recovery operations may be led by the federal government through FEMA, state government emergency response programs, city or county emergency response programs, or non-profit organizations like the American Red Cross.

Get the checklist for working as a contractor in disaster recovery »

Register for an upcoming webinar on Disaster Recovery Contracting »

NC Disaster Recovery – procurement (SBTDC/PTAC) »

NCDOT Emergency contract »

RECOVERY CENTERS

FEMA/SBA Disaster Recovery Centers (DRC's)

Disaster Recovery Centers(DRC's) are staffed with representatives from FEMA, and U.S. Small Business Administration(SBA) and often other state agencies such as housing and mental health assistance. Survivors can get help applying for federal assistance, learn about the types of assistance available, learn about the appeals process and get updates about applications.

Please check back often for more information about the location
of Hurricane Florence recovery centers.

SBA Business Recovery Centers (BRC's)

Business Recovery Centers(BRC's) are specialized for business assistance only. These are stffed by SBA representatives who can help you apply for your disaster loans.

Greenville

SBTDC Regional Service Center
East Carolina University
300 East First St., Willis Building
Greenville, NC 27858
Opens: Tuesday, Sept. 18 at Noon
Hours: Weekdays, 8 a.m. – 5 p.m.
Saturdays, Hours Pending
Closed: Sundays

SBTDC Locations

The SBTDC is here to help small businesses get back on their feet by developing strategies for your recovery, reconstructing financial statements, and reviewing your SBA loan application.

Hours

Monday - Friday: 8am to 5pm

Elizabeth City

1704 Weeksville Road
HL Trigg Building, Rm 102
Elizabeth City, NC 27909
ecsu@sbtdc.org
252.335.3247

Fayetteville

1200 Murchison Road
Fayetteville, NC 28302
fsu@sbtdc.org
910.672.1727

Greenville

300 East First St, Willis Bldg
Greenville, NC 27858
ecu@sbtdc.org
252.737.1385

Nags Head

2522 S. Croatan Hwy, Unit 1-A
Nags Head, NC 27959
ecsu@sbtdc.org
252.335.3334

Pembroke

202 Main Street
Pembroke, NC 28372
uncp@sbtdc.org
910.775.4007

Raleigh

1021 Main Campus Dr. Ste 200
Raleigh, NC 27606
ncsu@sbtdc.org
919.513.1500

Wilmington

803 S. College Rd, Suite A
Wilmington, NC 28403
uncw@sbtdc.org
910.962.3744

Elizabeth City

1704 Weeksville Road
HL Trigg Building, Rm 102
Elizabeth City, NC 27909
ecsu@sbtdc.org
252.335.3247

Fayetteville

1200 Murchison Road
Fayetteville, NC 28302
fsu@sbtdc.org
910.672.1727

Greenville

300 East First St, Willis Bldg
Greenville, NC 27858
ecu@sbtdc.org
252.737.1385

Nags Head

2522 S. Croatan Hwy, Unit 1-A
Nags Head, NC 27959
ecsu@sbtdc.org
252.335.3334

Pembroke

202 Main Street
Pembroke, NC 28372
uncp@sbtdc.org
910.775.4007

Raleigh

1021 Main Campus Dr. Ste 200
Raleigh, NC 27606
ncsu@sbtdc.org
919.513.1500

Wilmington

803 S. College Rd, Suite A
Wilmington, NC 28403
uncw@sbtdc.org
910.962.3744

Elizabeth City

1704 Weeksville Road
HL Trigg Building, Rm 102
Elizabeth City, NC 27909
ecsu@sbtdc.org
252.335.3247

Fayetteville

1200 Murchison Road
Fayetteville, NC 28302
fsu@sbtdc.org
910.672.1727

Greenville

300 East First St, Willis Bldg
Greenville, NC 27858
ecu@sbtdc.org
252.737.1385

Nags Head

2522 S. Croatan Hwy, Unit 1-A
Nags Head, NC 27959
ecsu@sbtdc.org
252.335.3334

Pembroke

202 Main Street
Pembroke, NC 28372
uncp@sbtdc.org
910.775.4007

Raleigh

1021 Main Campus Dr. Ste 200
Raleigh, NC 27606
ncsu@sbtdc.org
919.513.1500

Wilmington

803 S. College Rd, Suite A
Wilmington, NC 28403
uncw@sbtdc.org
910.962.3744

NC Small Business and Technology Development Center (SBTDC)
5 West Hargett Street, Suite 600, Raleigh, NC 27601
(919) 715-7272 | www.sbtdc.org

The SBTDC is funded in part through a cooperative agreement with the U.S. Small Business Administration.