The latest business continuity news from around the world

Hurricane Harvey update page

Hurricane Harvey made landfall on the Texas coast as a major hurricane. Ongoing flooding is causing major problems for businesses in the region. This page will be updated with business continuity and disaster recovery information related to the incident.

Weather / environmental sitrep

Harvey is now a tropical depression. The storm archive can be accessed here.

Resources

Texas Hurricane Center: provides important contact details for recovery support.

FEMA updates

Download the FEMA mobile app (available in English and Spanish), which provides a customizable checklist of emergency supplies, directions to open shelters and recovery centers, disaster survival tips, and weather alerts from the National Weather Service. The app also enables users to receive push notifications.

Office of the Texas Governor updates

US SBA updates

Low-interest federal disaster loans are now available to Texas businesses and residents as a result of President Trump’s major disaster declaration, US Small Business Administration’s Administrator Linda McMahon announced.

Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from occurring in the future.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available to businesses regardless of any property damage.

Interest rates can be as low as 3.305 percent for businesses, 2.5 percent for private nonprofit organizations and 1.75 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

To be considered for all forms of disaster assistance, survivors must first call the Federal Emergency Management Agency at (800) 621-FEMA (3362). As soon as Federal-State Disaster Recovery Centers open throughout the affected area, SBA will provide one-on-one assistance to disaster loan applicants. Additional information and details on the location of disaster recovery centers is available by calling the SBA Customer Service Center at (800) 659-2955 or online at https://disasterloan.sba.gov/ela/



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