Small business works to return after Harvey
About 40 percent of small businesses never open their doors to customers again after a disaster, according to the
Mary and
"As far as everything inside ... it's completely shattered,"
The couple applied for a
The Nevarezes lost about
"Primarily what SBA does is provide low-interest loans, and they help areas that have been declared disaster areas by presidential decree," Lindsey said. "They come in as one of
Applying for a disaster loan is free, and business owners aren't required to accept them, MacDonald said. Generally the loans have a five-month deferral period until owners have to make payments.
"We can help them begin the recovery process," he said. "If they later fully recover with insurance, after (insurance agencies) provide funds, insurance proceeds can be used to pay (their loans) before they make a payment."
Regarding insurance, the Nevarezes rent their business space from the city of
When Nevarez assessed the damage to her business early last week, the structure's concrete walls were full of seaweed and debris, the roof was leaking everywhere and the ceiling had collapsed. A large hole replaced the entrance to the bait side of the business.
Nevarez said she didn't have her inside equipment and merchandise insured, so the couple applied for an SBA loan.
When owners assess damage to their businesses, they need to document it all, whether that is through pictures or video, said
When it comes to insurance coverage, business owners who own their space need traditional and flood insurance for the structure as well as both types for their business property inside the building, said
"It's important people understand the cost of repairs may be surpassing how it was when you selected your insurance," Gavin said. "Immediately, building materials just became short in supply; labor just got short in supply."
If sustained business damage isn't fully covered or not covered at all, as well as applying for an SBA disaster loan, owners should look within their network for assistance. Many associations are creating relief programs specifically for Hurricane Harvey, said
The association has created a resource center for businesses to connect and tap into each others' resources, Cox said. The association's
"It's a difficult time for us all. In times like these, it's incumbent upon us to pull together and work as a state," he said. "We are truly one community. We are Texans -- we will take care of one another, come through this and come through better than we were before."
"Our goal as a chamber (is to) be able to provide resources for people to get together, figure out needs, match them locally and get them into business that much faster," he said.
Before owners open their businesses back up, they need to ensure it's safe to do so and they're ready, Vivian said. Most businesses should have a continuity plan and know what they need to do to get back into business.
"Be very methodical, follow that plan and make sure that they don't open before they can handle what's going to be thrown at them," he said.
Nevarez and her husband own three boats that catch shrimp for her business to sell, and they contract with other captains. The couple have two of their boats back in the bay after evacuating them to the
Despite all the work to reopen their business, the couple's No. 1 priority is helping the community. They fed more than 50 families Wednesday with food they were able to salvage from their business and continue to donate ice from their ice-making machines.
"There's still a strong need," Nevarez said. "Our community will work together and come through this stronger than we've ever been."
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(c)2017 Victoria Advocate (Victoria, Texas)
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