Natural disasters continue to hit business owners squarely in their bank accounts, and 2021 was one of the costliest years yet, according to new data from the Federal Reserve.
Most of those losses were not covered by insurance or other programs. Just 18% of businesses relied on insurance to recover losses, compared to 12% using debt or loans, and 11% using federal disaster relief loans. About 56% did not rely on external funds, according to the study. Only 15% of firms impacted by Harvey received a payment from insurance. About 27% of firms used credit to finance their recovery. And of those that applied for disaster loans from the SBA, just one-third were approved. About 48% said they had not fully recovered one year later.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
San Francisco nonprofit developer HomeRise appoints Interim CEO, CFO - San Francisco Business TimesHomeRise, formerly Community Housing Partnership, oversees a portfolio of roughly 1,600 units in San Francisco and the Bay Area.
Fonte: SFBusinessTimes - 🏆 78. / 68 Consulte Mais informação »
Office markets with biggest gains in sublease space, ranked - San Francisco Business TimesAlthough the analysis doesn't include every U.S. market, it provides a snapshot into how geographically disparate growth in sublease inventory is — and that no city is immune to company decisions to downsize or entirely exit office spaces.
Fonte: SFBusinessTimes - 🏆 78. / 68 Consulte Mais informação »
Rezo Therapeutics, Prosper Marketplace score $75M venture rounds - San Francisco Business TimesThe Thanksgiving holiday didn't stop a drug developer and an online lender from each raising a large new round.
Fonte: SFBusinessTimes - 🏆 78. / 68 Consulte Mais informação »
Nkarta CEO Paul Hastings: Diversity wins in midterms - San Francisco Business TimesThe CEO of Nkarta, a South S.F. biotech, weighs in on an LGBTQ+ wave and what it means for business.
Fonte: SFBusinessTimes - 🏆 78. / 68 Consulte Mais informação »
Coming Soon: The Big Credit Squeeze - San Francisco Business TimesAs the Federal Reserve tries desperately to bring down the rate of inflation, consumers are using a previously-used tactic to finance and offset higher costs – credit. The question is will they be able to pay back their debts?
Fonte: SFBusinessTimes - 🏆 78. / 68 Consulte Mais informação »