Here are some remedies in case of emergency..
- Before anything else, contact your insurance company. It should have disaster teams on-site cutting checks in days not months.
- Ask your vendors to extend their terms.
- Local and state agencies will be mobilized to help-find out what they can do for you.
- Ask your creditors to temporarily suspend payments due or to expand your lines of credit.
- Look into low-interest loans for businesses in government-disaster areas.
- Take advantage of tax deductions for casualty losses and deadline extensions for filing and paying taxes.
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