Sep 21, 2011
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Between 15 percent and 40 percent of businesses fail after a man-made or natural disaster, according to the Insurance Information Institute. But only 35 percent have a plan.
“From the SBA’s perspective, if you have a solid business continuity plan in place, you really won’t need a disaster loan from us,” Rivera said. “That never hurts my feelings. We never get hurt at the SBA if you don’t need a disaster loan.”
Rivera shared some tips for preparing your business for disasters:
“Hopefully, it’ll improve your chances of staying in business, staying in the game once disaster does strike,” Rivera said. “It doesn’t matter where you live. Being prepared just helps.”
[via Philly Burbs]
Photo courtesy of Infrogmation and re-used under the Creative Commons license.