SBA adds Flagler to list of counties eligible for business, home disaster loans

The U.S. Small Business Administration on Tuesday added Flagler County to the list of counties eligible for business and home disaster loans in the aftermath of Ian.

“This is great news for our businesses,” said Tourism Development Director Amy Lukasik. “There are a lot of businesses that really need this lifeline.”

Available loans fall under three categories: Business Physical Disaster Loans, Economic Injury Disaster Loans and Home Disaster Loans.

“Though these loans are coming from the Small Business Administration, there is relief for homeowners and renters as well,” said Emergency Management Director Jonathan Lord. “These loans are available to repair or replace disaster-damaged real estate and personal property, including automobiles.”

Available disaster business loans:

  • 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, nonprofit organizations such

Read More
Read Me

‘Contract Bundling’ is an Issue That’s Still Top of Mind for the Small Business Administration

When asked what keeps her up at night, a top Small Business Administration official said “contract bundling,” which is when agencies bundle several different contracts together and award the work to one company in an attempt to save taxpayer dollars. 

Candace Waterman, president and CEO of Women Impacting Public Policy, asked Bibi Hidalgo, associate administrator in SBA’s Office of Government Contracting, the question during an event on Thursday in Silver Spring, Maryland for “ChallengeHer,” an initiative started in 2013 by the SBA, Women Impacting Public Policy and American Express to boost federal contracting opportunities for women-owned small businesses. 

Contract bundling––just one issue small businesses, particularly women-owned ones, face when trying to enter the federal marketplace––“in theory may be saving dollars, but what happens then is those contracts are no longer available for smaller businesses because a small business wouldn’t really be able to compete necessarily for a $7 billion contract,”

Read More
Read Me