Musings at the intersection of business and life
Posts tagged with gulf oil spill
  • Growing a Business
    July 18, 2010 by Kathleen Allen

    Kim and David Chauvin are no strangers to tough times.  Their shrimp-trawling business in Louisiana has survived four major hurricanes in five years, but the two had amassed enough savings to carry them through the floods that Katrina and Rita brought in 2005.  But 2008 brought Gustav and Ike (not to mention the financial crash)  and that meant that this family business had to apply for a disaster loan from the SBA. just to survive.  Now they're struggling with the losses brought on by the gulf oil spill, and the problem is, they already have a $170,000 loan from the SBA  they're paying back so they can't go after another emergency loan.  Instead, they've signed a contract with BP to work on the cleanup. 

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