3 Flood Recovery Tips for Your Business

In August, our city experienced vast flood damage due to the Great Flood of 2016. This devastating event caused thousands of homes and businesses that were affected to begin the rebuilding process right away. Sometimes the challenge of rebuilding is overwhelming, which can cause important items to go overlooked. Here are a few tips to ensure your business is on the right track for re-opening as soon as possible.

obtain-business-recordsflood

If you lost important business records in the flood, replacing them may seem like an enormous inconvenience. Fortunately, copies can be obtained from other sources. For important tax information, contact the IRS for past tax returns, sales tax, payroll returns and other relevant documents. Monthly bank statements can be gathered through your banking institution, while payroll records can be found with your payroll vendor or federal and state agencies. Don’t forget to contact business vendors and suppliers for past invoices if an electronic copy is not already saved.

disaster-relief-loans

If your insurance coverage is giving you less than expected, or your business didn’t have flood insurance at all, Small Business Administration loans are available to help get your business back up and running. These loans can help with repairing or replacing machinery, real estate, inventory or other business assets. Check out their low interest disaster loans here. If located in a declared disaster area or a neighboring one, some small businesses and non-profits can utilize Economic Injury Loans to meet financial obligations after flooding.

manage-stress

Often events like a flood, cause us to run on adrenaline for weeks, even months at a time. This can have a negative impact on your well-being causing severe stress to your body and mind. Take some time to reflect on your health and emotions to see if you are suffering from any of the symptoms listed here. Taking time to identify these stress signs will give you a better idea of how to respond in a traumatic situation. Also, using practical ways to relax and talk to friends and family about your situation will greatly benefit your well-being. Ensure that you are allowing yourself to process emotions and thoughts with others.

If your business experienced flooding in South Louisiana this past August, contact our customer service team at 866-463-3668 or info@fixturedepot.com for flood related discounts as you replace damaged store fixtures. We will be happy to help as you rebuild.

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