Please check back here frequently. The President and Congress may authorize
additional means of business disaster recovery in the upcoming days.
Information about those programs will be available here when they become
available.
Small Business Administration
Disaster loans through the
Small Business Administration (SBA) are available to businesses to repair or
replace destroyed or damaged business facilities, inventory, machinery, or
equipment. The maximum loan amount is $ 2,000,000.
5. Apply Online Now or visit our local Business Recovery Center:
Tennessee State University, Avon Williams Campus (Downtown)
330 10th Avenue North, Room 200
Nashville, TN 37203 Hours: Monday - Friday 8 a.m. - 7 p.m. until further notice
Nashville Business
Recovery
The Mayor of Nashville, in
coordination with the Nashville Chamber of Commerce, has recently launched the
Nashville Business Response Team as a means to centralize all of the available
federal, state and local resources for business disaster recovery in the wake of
the historic flood. One of the main focuses of the Business Response Team is to
facilitate business-to-business assistance.
Someone from the Business Response
Team will contact you shortly after signing up for assistance.
Tax Code Provisions
If your business has been
negatively impacted by the flood, there are certain provisions of the United States
tax code that you can take advantage of to offset losses.
New programs may become
available if Congress passes the upcoming "tax extenders" bill, so please check
back often. Please consult a qualified
tax adviser before you make any decisions.
USAA (United Services Auto Association),
1-800-531-8111
Foremost
Insurance Co.,
1-800-527-3907
TIPS FROM TENNESSEE DEPARTMENT OF COMMERCE AND INSURANCE
Locate a
copy of your
policy and read through it.
Contact your
insurance
carrier or your agent as soon as possible after damage.
Make a
thorough
inventory of all missing or damaged items.
Take
pictures inside
and out for documentation before repairs are made.
Secure and
protect
your property against further rain or other damage without making
permanent
repairs, so an adjustor can see the full extent of
damage.
Keep
receipts for any
expenses required to protect your property from further
damage.
Follow the
claims-filing procedure set forth in your policy. If there is a
dispute,
follow
the company's dispute process.
Settlement
offers from
insurers can be negotiated. You don't have to take the first
offer.
If you have
issues
with an insurance company, call the Department of Commerce
and
Insurance at 1-800-342-4029.
Avoid
unscrupulous,
unlicensed contractors who take advantage of homeowners anxious to
rebuild after
disasters by hiring only licensed contractors. Consumers may verify a
license
status by calling 1-800-544-7693 or checking online at http://licsrch.state.tn.us/.
For
non-insurance issues,
call the Consumer Affairs hot line, 1-800-342-8385.