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SBA Administrator Tell Small Businesses To Prepare For Worst

Written by Jenna Weiner
Published: 9/24/2010

September is National Preparedness Month

Karen G. Mills, Administrator of the Small Business Administration, recently reminded business owners around the country to be prepared for unexpected emergencies.

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As part of National Preparedness Month, Mills said that small businesses could never be too cautious when getting ready for the next disaster or emergency situation. Mills said that entrepreneurs must get over the notion that a crisis would never happen to them.

“There is a tendency to think that a large-scale disaster is not going to happen ‘where I live,’” she said. “The reality is that storms, floods, earthquakes, fires and man-made disasters can strike anytime and anywhere. Planning ahead for your own post-disaster recovery is a good step toward protecting your family, your business and your community.”

The SBA suggests that small businesses come up with an "emergency response plan," including evacuation routes from areas, making sure that they have enough insurance coverage and keeping backup records in an off-site area in order to not lose key documents.

The SBA has been making news for small business after giving emergency loans to those affected by flooding in St. Croix River Valley, Wisconsin. Businesses, homeowners and nonprofit organizations will be eligible to receive loans with interest rates as low as 2.5 percent.

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