After Tropical Storm ‘Debby’, many parts of Florida were declared as disaster zones. It also prompted Adam Putnam, the Agriculture Commissioner, to ask the Fed for help. Putnam proposed to declare parts of Florida to be primary disaster zones.
Putnam sent a letter to Tom Vilsack, U.S. Agriculture Secretary, asking for Federal disaster declaration after reports of crop loss. It’s not just that crops got damaged but small businesses too had to face the brunt of it. Tornadoes and rainfall led to flooding and it caused intensive damage to business enterprises that operate in different counties of Florida. So, by declaring areas in Florida disaster hit, it will be possible for the victims to receive Federal help.
It is up-to Fed to accept the request and declare ‘Florida’ – Primary disaster struck region. But before this takes place there are also other remedial measures available for the victims of Debby. Gov. Rick Scott has initiated the ‘Small Business Emergency Bridge Loan’ Program. This will help small businesses affected by disaster storm ‘Debby’ to receive interest-free loans. Though the grants under the program are short-term but yet it will be available to 36 counties where businesses can receive recovery loans.
This article was submitted by Raj Tulshan, Director of Business Development of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to email@example.com