Hurricane Debbie (2024)

Hurricane Debby, a slow-moving and erratic storm, wreaked havoc across the southeastern United States in early August 2024. As the fourth named storm of the season, Debby started as a tropical wave on July 26, gradually strengthening into a Category 1 hurricane before making landfall near Steinhatchee, Florida, with winds reaching 80 mph.

### Florida Landfall and Initial Impact

Florida bore the brunt of Debby’s fury during its initial landfall. The sparsely populated Big Bend area was hit with strong winds and storm surge, particularly affecting Cedar Key, where the surge reached six feet. Parrish, Florida, saw the highest recorded rainfall at 18.16 inches, with the storm dumping significant amounts of water across the state, leading to widespread flooding. Coastal towns like Crystal River and Horseshoe Beach experienced coastal flooding, though the damage was less severe compared to the previous year’s Hurricane Idalia.

### Georgia and the Carolinas

After weakening, Debby made a second landfall as a tropical storm in South Carolina, bringing with it significant rainfall and inland flooding across the Carolinas. Rainfall totals exceeded 14 inches in some areas, causing rivers to swell and flood nearby communities. South Carolina’s Governor declared a state of emergency as the storm approached, and price-gouging laws were enacted to protect consumers during the disaster. The storm’s slow progression across the region exacerbated the damage, particularly in low-lying areas prone to flooding.

### Northeastern Impact

As Debby moved further up the East Coast, the storm’s remnants caused widespread rain and wind across the mid-Atlantic and Northeastern states. Flood watches were issued in Pittsburgh, and New York City saw wind gusts of up to 50 mph. Precautionary measures included pump installations in New York’s subway systems to prevent flooding, and the cancellation of several events, including races at Saratoga Race Course and a Yankees game against the Texas Rangers.

### Economic Toll

The economic impact of Hurricane Debby was substantial. Preliminary estimates suggest that privately insured losses in the U.S. could reach $1.4 billion. This includes $845 million in wind-related damages, $130 million from storm surge, and $440 million due to inland flooding. The storm’s path through less populated areas limited the extent of wind damage, but the flooding brought significant business interruptions and property destruction.

### Aftermath and Recovery

As recovery efforts continue, the scale of the damage caused by Debby highlights the persistent risks of hurricanes along the southeastern and northeastern coastlines of the U.S. With more storms potentially forming this hurricane season, communities are focused on rebuilding while also preparing for what could come next.

This hurricane serves as a reminder of the vulnerability of coastal and inland regions to the unpredictable forces of nature. As the storm season progresses, preparedness and swift action will be critical to minimizing future damage and loss of life.

Using the SBA Disaster Assistance Portal

The U.S. Small Business Administration which provides the majority of disaster assistance through loans is requiring disaster victims to use the SBA portal to apply for assistance.

While the agency claims the portal system speeds up the process for the victim there are some issues to avoid.

Don’t lose your login information. No one will be able to help you get back into your account and you will have to start over.

Don’t make entry mistakes on important items such as your social security number. One mistake on a single digit can take weeks to correct.

Do turn in what the portal requires during the seven-day period allowed. If you don’t SBA will withdraw your file and it will be up to you to file a reconsideration explaining why you did not provide the information in the time allowed. They may or may not accept your reconsideration to apply.

While the disaster assistance program provides financing that can not be matched for victims with no credit available elsewhere, the new system does have its problems.

If you need professional assistance that is what we do and you may contact us at any time to represent you.

 

Applying for EIDL

Applying for an Economic Injury Disaster Loan a/k/a EIDL the SBA has implemented a new mandatory portal system. When using the portal it is important to be timely and accurate.  For example, if you are off a digit on your SSI number, it can take weeks to correct while your application is withdrawn from the processing system. Forget your login information or your password and there is no help available. You have to start the application process over.

Once the SBA requests information they will give you seven days to comply. If you do not, your application is withdrawn, and you will be required to file for a reconsideration explaining why you should be reconsidered.

There are many pitfalls to the SBA Office of Disaster Assistance processing procedures and information obtained from customer service is frequently incorrect. Either download the SOP manual from the SBA website or contact us.

Disaster Assistance Available For Business Owners Financially Impacted By Hurricane Idalia

Business owners financially impacted by Hurricane Idalia may be eligible for disaster assistance from the U. S. Small Business Administration.  Working capital loans up to two million dollars with no interest or payments for twelve months are available to businesses that can not pay their ordinary operating expenses due to a disaster such as Idalia.

The hurricane which occurred on August 27, 2023, has been declared a natural disaster by the President and allows businesses in the county and surrounding counties where the storm made landfall to apply for this assistance.

There does not need to be physical damage to the business to be eligible as the assistance is based on economic injury rather than physical injury.