How SBA’s Reorganization Could Help Companies Recover From A Crisis

How SBA’s Reorganization Could Help Companies Recover From A Crisis

When disaster strikes, can small businesses count on the federal government for the resources they need to recover? Isabella Guzman is the administrator of the Small Business Administration. She discusses the agency’s recent reorganization and how it will improve the help it provides to companies after a flood, hurricane, tornado, or other disaster.

Quotes

We must be highly responsive and provide simple products to support disaster survivors. This includes helping them rebuild, collect necessary data, setting up local responses, and providing technical assistance. - Isabella

The SBA's expansion during the pandemic helped millions of small businesses through programs like the Paycheck Protection Program, and now they want to use this momentum to raise awareness about the resources available to support small businesses. - Isabella

Featured Guest

Isabella GuzmanSBA Administratorhttps://www.linkedin.com/in/isabelcguzman https://proxy.www.sba.gov

Chapters

00:00 Introduction01:02 SBA’s reorganization for disaster recovery and resilience

03:00 Two phases of reorganization

04:31 SBA's commitment to disaster recovery

05:58 SBA’s network of support

08:08 SBA's disaster response and recovery efforts

10:36 Transforming SBA services for resilience

11:44 Different types of disasters that SBA responded

13:03 Lessons learned throughout the years

15:58 Post-analysis for every disasters and crisis

1816 pre-crisis preparation of SBA

19:11 SBA and FEMA coordination during a crisis

20:08 Best practices for businesses before a crisis

21:58 The budget allocation of the govt for the SBA

24:06 Small business loans and opportunities for growth

26:20 The challenges ahead for SBA

27:37 Final takeaways

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