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Newtek CEO Barry Sloane on the resources available for small businesses to rebuild after a disaster such as Hurricane Sandy.
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Up next the -- the eastern seaboard slowly pulled itself back together in the wake of hurricane sandy and some of the hardest hit people are small business owners people who put their lives into their company.
Now staring at devastating losses here with resource -- and tips for rebuilding.
Barry Sloane CEO of new tech business services very thanks for coming on tonight.
Should that gives a sense of how many people who who have small businesses you think might have been impacted here.
Well clearly in the northeast region that business has got significantly impact and it was businesses and a lot of different areas -- be health related could be service related.
Manufacturing obviously.
The ability to get into the facility get your employees there on time.
Really dramatically affected by the weather as well as the assessment of the damage the storm did to the business.
And a lot of time a lot of times is people don't have a resource is a big company would have I want to walk through your tips here.
-- what small business owners should be doing starting with disaster assistance act.
Well basically businesses that have been damaged by the storm.
Do have the ability to go to the federal government for help the mean they can go to SBA dot god didn't go to he would back.
They actually call our company we're assisting businesses of one -- 552 THE SBA.
They can call -- will work with them to bring them to government agencies so that they can get financial assistance if they qualify for.
And of course you can do it directly yourself you don't have to have an intermediary although you can choose to -- -- tax relief coming for people -- -- Well that's a that's a question.
Mean in terms of that actually there's questions as to whether the legislators are going -- Reach out and provide tax benefits for businesses that have been affected by the disaster historically we have not seen that but it is being discussed right now.
And free legal services could be available from famous at a typical thing that happens.
It is I mean the federal government reaches out and tries to do what it can't help small businesses in these crisis so that is available from the government where you can get those types of services.
-- -- the CDC will have some cleanup -- is that on their website or.
Yep absolutely you can go due to the CDC dot covered and get those get those helpful tips as well.
-- you know I know people tonight are sitting at home and and a talking about what can I do.
What you know -- the -- -- right now to help get this back up and running and what would you say to people who are looking for that disaster plan.
Well I think you need to number one assess the damage assess the damage not only to your existing business but you have to project going forward.
What does is gonna do to your local economy particularly if you have a small business you need to forecaster cash flows going forward.
-- -- affect consumers in your area if you're a business to business.
Type of an operation is is gonna affect other businesses most importantly you've got to preserve your data small businesses really need to use cloud computing solutions.
To get their hardware and software off premise can get into -- military stream through facility.
We have situations currently in New York we've got customers in and of web sites hosted.
In data centers in downtown Manhattan it's a disaster Iran is bad yeah wow.
Anything you say that I think is fascinating and -- a great idea redundant data storage can't have one copy of everything you gotta have more it's gonna be backed up.
I can't believe how many doctors dentists lawyers.
Accountants tell you know say gee I've got back up I have an assistant that goes in.
To my power in the my desk.
Copies CD-ROM -- -- home every night.
That's not back -- geared you're sick with that idea -- love that OK but -- the -- mobile payment systems are good business interruption service think about that.
Fortune gonna have to leave it there Barry thanks for coming in tonight I know a lot of people were listening to every word you said okay thank you.
