Update: March 9, 2020

Documenting losses

After some past disasters, the U.S. Small Business Administration has made financial assistance available through “Economic Injury Disaster Loans”. At this time there have been no announcements; however, we urge you to be prepared should these loans be offered. In general, the SBA will need to compare your financial condition and operating results preceding the disaster with those during and since the disaster period. Most likely you will be required to produce balance sheets and operating statements for similar periods of time as well as other documents to establish loss.