What Are The Various Benefits Of Grants To Small Business Affected By Natural Calamity?
Indeed SBA offers large monetary assistance to small professional working person but its role in giving comfort to those damaged by natural as well as man made or other catastrophe conveyed by the government is though very valuable.
The largest grant-funded service delivery network of SBA is The Small Business Development Center Program, creating opportunity for small businessmen to avail various provisions and schemes being launched by it from time to time.
The main aim of the SBDC is to offer as much support possible for the business and economic development to sustain the growth, enhancement, and modernization, enhance production and improve management. SBDC gives assistance by linking Federal, State and Local government resources with private sector and educational community.
This year Small Business Administration (SBA) planned to issue Program Announcement No.OSBDC-2009-04 for the invitation of applications from Lead Small Business Development Centers to receive funds for providing training, counseling and educational activities to those small businesses, who had been either affected by the natural disasters such as hurricanes, flooding, or any disaster of serious nature during the year 2008. These business development centers are serving at least 100-affected small businesses as a declared subject of a Presidential Major Disaster Declaration.
This declaration has been made under Public Law 110-329 proclaimed on September 30, 2008.Under this declaration, SBA is expected to issue awards to the amount of $10,000,000. There are around 63 Lead Centers under SBDC program and least fixed amount of award has been fixed $10000 for one Lead Center whereas maximum has been fixed according to its eligibility.
SBDC has communicated to SBA that this amount of current funding is enough to provide benefits to 100 small businesses affected by natural hazards. For full details on description of the grant, eligibility of the applicants and the applying procedures.There are many programs available to assist affected small businessman in rural areas too.
Although village growth business agenda do not have any reliable body for giving support in case of misfortune yet there are lots of projects accessible that are sufficient enough to provide monetary ease to small organizations.
There are lot of Business and Guaranteed Loan Program, Rural Business Enterprise Grant Program, Rural Business Opportunity Grant Program, Rural Economic Development and Loan and Grant Program.
Government has made clear that for small businessmen, there is no need of any fear of losses on account of the disasters as they can always apply to SBA for assistance only with the condition that they have to keep themselves updated about recent announcements.