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Friday, May 10, 2013

If your Business is in Emergency

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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