Small business owners worry they won't survive coronavirus without federal loans, but experts say they have options

on a legislative package that would inject an additional funds into loan programs for small businesses, including the PPP and the EIDL program. Yet until more money is added and distributed, many small businesses are worried about their survival.

To create a unique experience for shoppers online, Arrington watched online YouTube tutorials to improve his photography skills so he could have custom product shots and has jumped into social media sites like Instagram.That means cutting all non-essential expenses including company credit cards, travel and employee 401 contributions, as well as putting a hold on any raises, bonuses or overtime pay for workers. "You gotta do what you have to do," Prosen says.

Business owners can also reach out to colleagues and local business associations within their communities. "Seek out other business people that you've had relationships with over the years, renew the friendship," Prosen says. Ask what they're doing and offer your own ideas. "Maybe somewhere in the midst of all that conversation, there's something you've overlooked."If your business is shut down right now, think about diversifying.

MakeIt The same government experts who have failed at every moment of every day since this began? We're doomed

MakeIt 6. Personal Bankruptcy. Great 'The PPP money ran out last Thursday after the SBA approved 1.66 million loans from nearly 5,000 lenders. About 4M businesses have already applied for more than $380b EIDL funds, yet Congress only allocated about $17b for the program.' whats this

MakeIt OF COURSE! OF DUE COURSE/OBVIOUSLY! AD HOC ERGO PROPTER HOC! It serves itself as a result of this, I need! XD QUID PRO QUO! SERVICES FOR MONEY! NO SERVICES ALLOWED! -_-

MakeIt

MakeIt I'd like to know what criminal banks issued the sba loans to public companies. What information are they asking for on their application?

MakeIt Employers' association, isn`t this thing their job?

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Some Not-So-Small Companies Are Getting Small-Business Loans Under PPPThe Paycheck Protection Program was meant for small businesses, but some big, publicly traded companies have cashed in too, including sandwich chain Potbelly, video storage company Quantum and coal producer Hallador Energy, each of which got $10 million. Greed!!! The program is just an extension of Trump's pay to play philosophy. He sees public office as a mechanism to transfer taxpayer assets to his private account. Graphic from OpenSecrets These are the places that have ripped off the small businessman! We need to not eat at RuthsChris & Potbelly & let them deal with the consequences!
Source: NPR - 🏆 96. / 63 Read more »

AP: Publicly traded firms get $365M in small-business loansCompanies with thousands of employees, past penalties from government investigations and risks of financial failure even before the coronavirus walloped the economy were among those receiving... Meanwhile, many small businesses can't get any relief. Hmmmmmm...... Should big business get a bailout?
Source: AP - 🏆 728. / 51 Read more »