Sardeson Racing Case Analysis

Sardeson Racing, Inc. is a small racing parts provider located out of Greenwood, Nebraska. The owners, Ron and Jeannie Sardeson, have ran and operated the company for 40 years, ever since first opening their doors in 1977. Sardeson Racing is within the oval dirt track industry. They sell parts out of their small location in Greenwood and then travel from race track to race track during the summer to sell products to racers. Their clients range anywhere from sprint car drivers to hobby stock drivers and modified drivers to sport compact drivers. The company sells a variety of parts for all sorts of drivers and the specific car that they race.
The Small Business Administration (SBA) offers a variety of funding programs for small business. These
Sardeson Racing, Inc. is located in Tornado Alley, which is an area of the United States that sees a large volume of tornadoes within a given year. Along with towards, this part of the country also can experience hail and strong winds. All of these things together can create physical and economic damages if a business is not prepared for them. Luckily, Sardeson Racing has the option of having disaster assistance. A disaster loan will kick in when funding from the Federal Emergency Management Agency (FEMA) does not fully cover all of the damage that occurred. Disaster assistance loans can help restore all of the real estate, such as the office and the shop, along with the inventory that may have been damaged during the natural disaster as well, such as the new car bodies that are in the process of being built. Now, for Sardeson Racing to properly apply for disaster assistance, there is a few short steps that need to be taken. To start, Sardeson Racing, Inc. would need to be located within an area that was stated by a disaster declaration. If it was, then Sardeson Racing would need to then apply for the loans to help assist with the damage that may have occurred throughout the duration of the natural disaster. Sardeson Racing could then check the status of their loan through an online account that would be formed. Of course, this is a hypothetical situation, as Sardeson Racing, Inc. has never been affected by a natural disaster. But, with the area that the company is located in and all of the natural disasters that occur there, I thought that is was a great program to