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Get the free Disaster Recovery Small Business Loan and Grant NOFA

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Notice of Funding Availability (NOVA) for Recovery and Resiliency Planning Program NOVA Released December 5, 2023Applications Due February 23, 2024Applications must be submitted via online portal. Access
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01
Start by identifying critical business functions and assets that need to be protected in case of a disaster.
02
Develop a comprehensive disaster recovery plan that outlines steps to be taken in case of different types of disasters.
03
Implement data backup and recovery solutions to ensure that important data is not lost in case of a disaster.
04
Test the disaster recovery plan regularly to make sure that it is effective and up to date.
05
Train employees on what to do in case of a disaster and ensure that they are aware of their roles and responsibilities.
06
Keep communication lines open with relevant stakeholders and emergency services to coordinate response efforts.
07
Review and update the disaster recovery plan as needed to account for changes in business operations or new threats.

Who needs disaster recovery small business?

01
Small businesses with critical operations and assets that may be at risk of being affected by disasters, such as natural disasters, cyber-attacks, or other emergencies.
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Businesses that rely heavily on data and technology for their day-to-day operations and cannot afford to lose critical information.
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Companies that operate in industries with regulatory requirements for disaster recovery planning, such as healthcare or finance.
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Firms that want to protect their reputation and maintain customer trust by being able to quickly recover from disruptive events.
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Disaster recovery for small business refers to a plan or process that helps businesses prepare for, respond to, and recover from disruptive events, such as natural disasters, cyberattacks, or other crises, ensuring continuity of operations.
Small businesses that are affected by a disaster and wish to seek assistance or benefits may be required to file for disaster recovery aid, particularly those that have suffered financial losses or disruptions.
To fill out disaster recovery applications, small businesses typically need to gather relevant documentation, such as financial records, loss assessments, and detailed descriptions of the incident, and complete the forms provided by the relevant disaster recovery assistance programs.
The purpose of disaster recovery for small business is to minimize the impact of disasters on operations, enable quick recovery, protect assets, ensure employee safety, and maintain service delivery to customers.
Information that must be reported generally includes the nature of the disaster, the extent of the damages, financial losses incurred, recovery efforts taken, and any insurance claims filed.
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