After closing their doors to prevent the spread of the coronavirus, many small businesses face an uncertain future following government-ordered lockdowns.
“The Small Business Association ’s Paycheck Protection Program loan program can provide loans that are forgiven if used to maintain employees' jobs. There are also Disaster Relief Loans and many others governed by the SBA. Each loan has an application. The servicer may require additional documents.”Who should apply for economic disaster injury loans and/or paycheck protection loans?
“First, know that you’re not alone and not a failure. If you can, cut costs and get creative as much as possible. Sell gift cards, go online, do what you can. Ask your landlord if they can give a reprieve. There is no harm in asking friends or family for help if they can.”“From a customer's point of view: less is more! I am flooded with emails from every company I've ever done business with.