Disaster Assistance for Business
- IRS Disaster Tax Center - Information
- WA DOR - Disaster and Flood Relief Information
- FEMA Registration:
Homeowners, renters, and business owners who had flood losses should call the FEMA registration line at: 1.800.621.FEMA (3362) to apply for disaster aid (TTY 1-800-462-7585). The lines are open from 8 a.m. to 8 p.m., seven days a week. You can also register online at www.disasterassistance.gov.
FEMA Registration Flyer - English (Word)
FEMA Registration Flyer - Spanish (Word)
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The Internal Revenue Service, U.S. Small Business Administration and the Federal Emergency Management Agency held a webinar on disaster assistance on February 24th. Topics included: Federal Tax Relief Available to Taxpayers in a Disaster Area, Information About Federally Declared Disaster Areas, Reporting Disaster Area Losses, IRS Disaster Assistance and Emergency Relief Program, SBA Disaster Assistance Program, and FEMA Disaster Assistance.
To view the presentation click: IRS/SBA Webinar
Additional Playback Information: Playback Instructions
Additional Resources:
- IRS Disaster Relief Resources (Word)
- IRS Disaster Relief (PDF)
- FEMA Disaster Assistance (PDF)
- SBA Disaster Assistance (PDF)
U.S. Small Business Administration
When the President declares a major disaster, the United States (U.S.) Small Business Administration (SBA) makes its low-interest loan programs available to qualifying businesses and private non-profit organizations that have suffered damages. Businesses of any size may request an application for a low-interest loan by telephone immediately after the declaration. SBA loan officers will be available at all Disaster Field Offices and Disaster Recovery Centers to provide one-on-one assistance.
Business Disaster Loans. Small Business Administration disaster loans are available to repair or replace destroyed or damaged business facilities, inventory, machinery, and equipment, and other assets not fully covered by insurance. These loans are available in the disaster declared counties. Loans also are available to provide working capital during the disaster recovery period to small businesses in declared and contiguous counties.
Recovery Includes Restoring Economy. Since the floods of November 1995, the Small Business Administration has approved more than $250 million in low-interest disaster loans to homeowners, renters, and businesses.
Internal Revenue Service
Tax Relief in Disasters - Special tax law provisions may help taxpayers and businesses recover financially from the impact of a disaster, especially when the president declares their location to be a major disaster area. Depending on the circumstances, the IRS may grant additional time to file returns and pay taxes. Both individuals and businesses in a presidentially declared disaster area can get a faster refund by claiming losses related to the disaster on the tax return for the previous year, usually by filing an amended return.
U.S. Department of Agriculture
Farm Assistance. U.S. Department of Agriculture’s Farm Service Agency emergency loans may be available to farmers who were operating a farm at the time of a disaster. Loans are limited to the amount necessary to compensate for actual losses to essential property or to production capacity.
Disaster Unemployment Assistance
Farm or ranch owners and self-employed persons may qualify for disaster unemployment, if they are out of work because of the disaster and are not covered by regular unemployment insurance. This program is administered by the State Department of Employment Security, through the U.S. Department of Labor. More than $2 million in Disaster Unemployment Assistance has been disbursed to Washington State residents since the November 1995 floods.
National Flood Insurance Program
The National Flood Insurance Program offers insurance for flood coverage. Flood insurance is required for businesses and homes in a designated special flood hazard area.
Contact
For more information, please contact the Program Manager at (253) 512-7076.
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