“Important Disaster Relief Information for Your Stakeholders”: Adam Stoker – Show Notes
- Name: Adam Stoker
- Position: Co-founder and CEO of Relic Agency
- Favorite Destination: Fiji
- Dream Destination: New Zealand
“Important Disaster Relief Information for Your Stakeholders” – Show Notes and Highlights
SBA Tools Available for Small Businesses
- In President Trump’s address Wednesday, March 11, he discussed adding $50 billion into the SBA to help businesses affected by the coronavirus.
- Information from the Utah Economic Department email
- At this point, each county needs to share its economic impact to small businesses. Each business need to share its need for assistance directly to the state
- Businesses and counties will need to fill out the form, found in the resource links below, and submit it to the state (Utah’s Department of Emergency Management). Every state has a person in this role
Steps To Take
- Identify who is in charge of emergency management in your state.
- Submit the application quickly! See the two forms below.
- The state will declare needs for the funds.
- The money will be allocated where most needed.
Form 1: Estimated Disaster Economic Injury Worksheet for Businesses
- This is the application you need to fill out.
- This document helps businesses demonstrate interest and outline what the economic impact will be for your business.
- This document is written in the past tense. However, they request businesses to estimate what economic impact will be on your business.
Form 2: SBA Disaster Assistance in Response to the Coronavirus
- This document is important information that should be read before filling out the application.
- The state has to apply to this first — indicate interest to your state as soon as possible.
- This applies to nonprofit and for-profit companies.
- Once a declaration is made, there is a document you need to fill out for loan assistance to be made available – this link is in the PDF.
- For more information about these loans, see this PDF document.
Help your state declare and submit these forms quickly, by clicking on the links below for the documents and sharing this information with small businesses everywhere.
Resources Mentioned in the Podcast
SBA Form 1: Estimated Disaster Economic Injury Worksheet for Businesses
SBA Form 2: SBA Disaster Assistance in Response to the Coronavirus