How The Coronavirus Is Impacting Small Business Owners

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Here's how the coronavirus is impacting small business owners:

geared toward keeping older generations informed, safe and prepared.)

. My friend has also connected with the U.S. Small Business Administration to apply for a short-term loan so she can cover fixed expenses. I asked three entrepreneurs featured in my book: What does the coronavirus mean for your small business? Their responses, condensed for editing purposes:She has emailed her customers and posted a notice on Facebook and Instagram telling them that following the recommendation of local health officials, she’s closing the retail side of the shop for the next two weeks. But she said she’d attend to current projects and orders and be available to answer questions via email and phone.

Bergen Giordani, co-founder with her daughter Morgan Giordani Reamer, of One Hot Cookie and the OH Donut Company in Youngstown, Ohio: “This is a very strange time. We are thankful that the state of Ohio has provided expedited unemployment offerings for our team members and look forward to coming back even stronger than before.”“At this point, we are up over last year and have not seen any impact. But with that said, the changes they [government officials] are recommending only started to be announced this weekend as far as shutting or slowing things down.

. It’s reviving the 2008 Term Asset-Backed Securities Loan Facility program encouraging loans to small businesses and it is starting the Main Street Business Lending Program for small- and medium-sized businesses .

 

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