How many small businesses will fail because of Hurricane Sandy?
What keeps small business afloat is selling stuff, when they stop selling, the coffers go dry immediately. Small businesses often run on razor-thin margins, and it only takes one unexpected financial blow to send the whole thing crashing. Government is offering LOANS after Sandy but that’s an added monthly expense many operators can’t absorb — especially if they’re facing heavy rebuilding costs and weeks or months without any paying customers.
During Katrina the most extensive damage occurred in St. Bernard, Orleans and Cameron Parishes. St. Bernard parish had experienced over a 50% net loss of employers during the year following Katrina