FLOODS of 2008


Other key sites to visit for flood recovery updates: Iowa DNR Iowa Department of Public Health Iowa State Extension	______________________________________________________________________ Small Business Recovery Update July 11, 2008 Applications for Job & Small Business Recovery Fund Now Available - Apply Today! Attention all entrepreneurs and business owners affected by the 2008 flood. Applications for the Job & Small Business Recovery Fund were made available this morning at http://www.corridorrecovery.org/BusinessRecovery/. We are encouraging businesses to submit their applications quickly to take advantage of the $1 million fund before it runs out. Applications for Job & Small Business Recovery Fund Now Available--Apply Today! Attention all entrepreneurs and business owners affected by the 2008 flood. Applications for the Job & Small Business Recovery Fund were made available this morning at http://www.corridorrecovery.org/BusinessRecovery/. We are encouraging businesses to submit their applications quickly to take advantage of the $1 million fund before it runs out. More About the Business Recovery Fund The Business Recovery Fund can provide financial assistance to a for-profit business (person or entity that sells goods or services) or the owner of commercial property in Cedar Rapids, Iowa that has sustained losses as a result of the Flood of 2008 (the "Business"). A base award of up to $15,000 is available. Fifty percent (50%) of the base award will be in the form of a grant and fifty percent (50%) will be in the form of a no interest three (3) year forgivable loan. Additionally, a grant of up to $5,000 can be awarded to businesses that choose to reinvest in the commercial zones in Cedar Rapids affected by the flood; and an additional grant of up to $5,000 can be awarded to those who own the property in which the Business is operated and have sustained physical damage to each. Please provide the following information and/or respond to the following questions: Attach only the first two pages of a completed U.S. Small Business Administration ("SBA") Disaster Business Loan Application that it has filed it with the SBA. Employ approximately 50 or fewer full-time equivalent employees. Please provide pre-flood and current full-time equivalent employee numbers. List/describe the uninsured physical losses incurred by the Business, including approximate value of damages. (Total of grants and loans cannot exceed actual amount of uninsured losses). Describe the critical needs of the Business that must be met through the use of the funds for which the financial assistance is being requested. Detail the costs of those critical needs (please be as specific as possible). Specify the amount of grant/loan you are requesting. Do you plan to invest in the commercial zones in Cedar Rapids affected by the flood? Do you own the building(s) within which the Business is operated? Visit http://www.corridorrecovery.org/BusinessRecovery/ for conditions of forgivable loan. Deadline for SBA Physical Disaster Loan Applications Extended The deadline to submit an application for an SBA Physical Disaster loan is now September 27 (www.sba.gov or call 800-827- 5722). Remember that you must first register with FEMA (www.fema.gov or call 800-621-3362). Click here to return home
Please read the Privacy and Legal Notices. ©2008 www.iowafarmbureau.com. All rights reserved.

Other key sites to visit for
flood recovery updates:

Iowa DNR

Iowa Department of Public Health

Iowa State Extension

______________________________________________________________________

Small Business Recovery Update July 11, 2008

Applications for Job & Small Business Recovery Fund Now Available - Apply Today!

Attention all entrepreneurs and business owners affected by the 2008 flood. Applications for the Job & Small Business Recovery Fund were made available this morning at http://www.corridorrecovery.org/BusinessRecovery/. We are encouraging businesses to submit their applications quickly to take advantage of the $1 million fund before it runs out.

Applications for Job & Small Business Recovery Fund Now Available--Apply Today!

Attention all entrepreneurs and business owners affected by the 2008 flood. Applications for the Job & Small Business Recovery Fund were made available this morning at http://www.corridorrecovery.org/BusinessRecovery/. We are encouraging businesses to submit their applications quickly to take advantage of the $1 million fund before it runs out.

More About the Business Recovery Fund
The Business Recovery Fund can provide financial assistance to a for-profit business (person or entity that sells goods or services) or the owner of commercial property in Cedar Rapids, Iowa that has sustained losses as a result of the Flood of 2008 (the "Business"). A base award of up to $15,000 is available. Fifty percent (50%) of the base award will be in the form of a grant and fifty percent (50%) will be in the form of a no interest three (3) year forgivable loan.

Additionally, a grant of up to $5,000 can be awarded to businesses that choose to reinvest in the commercial zones in Cedar Rapids affected by the flood; and an additional grant of up to $5,000 can be awarded to those who own the property in which the Business is operated and have sustained physical damage to each.

Please provide the following information and/or respond to the following questions:

Attach only the first two pages of a completed U.S. Small Business Administration ("SBA") Disaster Business Loan Application that it has filed it with the SBA.

Employ approximately 50 or fewer full-time equivalent employees. Please provide pre-flood and current full-time equivalent employee numbers.

List/describe the uninsured physical losses incurred by the Business, including approximate value of damages. (Total of grants and loans cannot exceed actual amount of uninsured losses).

Describe the critical needs of the Business that must be met through the use of the funds for which the financial assistance is being requested.
Detail the costs of those critical needs (please be as specific as possible).

Specify the amount of grant/loan you are requesting.
Do you plan to invest in the commercial zones in Cedar Rapids affected by the flood?

Do you own the building(s) within which the Business is operated?

Visit http://www.corridorrecovery.org/BusinessRecovery/ for conditions of forgivable loan.

Deadline for SBA Physical Disaster Loan Applications Extended
The deadline to submit an application for an SBA Physical Disaster loan is now September 27 (www.sba.gov or call 800-827- 5722). Remember that you must first register with FEMA (www.fema.gov or call 800-621-3362).

Click here to return home