You may be a small business owner who is out there acting as if nothing has changed a bit. Or you may be cowering at home terrified to catch Covid-19 from your fridge door. Whichever case you may be, hear me out on some practical tips and information that could help you make it through the pandemic one way or another.
By now you should be following frequent hand washing, wearing a mask in public and practicing social distancing. We are all in this together and it is our social duty to protect each and every person. Many businesses build plastic barriers between the clerk and customers to prevent the spread of the disease Covid-19. Some businesses have changed operating hours to allow more cleaning time and fewer people are being let into stores.
We are all in this together it is our social duty to protect ourselves and each other. Let’s face it one person coughs and anyone in the room could be infected with a coronavirus. If you are a small business owner you must be diligent in following the guidelines set forth by federal and local authorities. Here’s a great link to some printable safety guidelines from the U.S. Chamber of Commerce.
Amazing SBA Loans are Available Right Now
If you are in business you are probably feeling the pain of rising expenses and fewer profits. It turns out the Cares act recently signed by congress and the president, may help us by offering low interest loans some even 100% forgivable. The loans are distributed by the Small Business Administration.
Consider an SBA loan for your small business. They are available under the economic and disaster relief program. This might be a really good opportunity for small business owners during the Pandemic. The loans can be used by borrowers to pay fixed debts, payroll, accounts payable and additional bills that can’t be paid because of Covid-19’s impact. The interest rate is 3.75% for small businesses without other available means of credit, for non-profits it is 2.75%.
Small business can go to a lender, bank, or credit union to apply for a loan and be approved on the same day. Here is a link to the Small Business Administration website.
If your business is affected see if you qualify for and SBA loan here. It takes about 2 hours and 10 minutes. Visit: https://covid19relief.sba.gov/#/
If you need assistance to apply for a loan SCORE helps you.
Score helps you apply for the loans. Visit Score: https://www.score.org/coronavirus