Business Resources, Federal and State Programs, & Consulting
China’s coronavirus outbreak has developed into a global health crisis and slowly is developing into a major challenge for businesses and non-profit organizations. The outbreak is going to affect your customers, employees, reputation, and ultimately your revenue and funding. We believe this situation is going to be especially hard on small, mid-sized and emerging businesses and non-profits.
Emergency SBA Lending Programs
The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses and non-profits suffering substantial economic injury as a result of the Coronavirus (COVID-19).
These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.
In response to the events related to coronavirus we have assemble a team and, by leveraging existing technology we have developed a streamlined SBA loan process. We can assist with process Federal SBA loans and where applicable emergency state loans or grant programs.
Web Resources to Stay Current on Covid – 19 Pandemic
John Hopkins University
Federal Resources for Assistance
For Strategies and considerations for an outbreak response plan;
Centers for Disease Control and Prevention (CDC) – Interim Guidance for Business and Employers
U.S. Chamber of Commerce – Combating the Coronavirus
SBA Site – Guidance for Businesses and Employers to Plan and Respond to Coronavirus
For loan resources for impacted small businesses:
For ways to identify sources of exposure and prevent worker spread:
How Small Businesses Can Survive the Outbreak
How Businesses Should Handle the Coronavirus Outbreak
Keeping the Workplace Safe
Official CDC Article