COVID-19 has hit every possible aspect of a human life, it has literally shut down the whole world and the finances/economies are on the edge of witnessing the worst.
Trust us, even the well established business empires are taking the fall and they’re all suffering major impacts, a few common impacts may be:
- Ghosting Customers
- Lack of liquidity.
- Unavoidable fixed expenses.
- Paychecks to help our workforce for keeping their essential expenses.
The governments, NGOs and numerous other organizations are helping, coming forward
to the rescue of various classes of societies but the businesses and the businessmen
are not really their top priority. While some private organizations have
stretched their arms by either making monetary contributions or providing
their various services for free despite making voluntary losses.
Even in this hard time amazing work for helping needy, done by the businesses is phenomenal.
Courtesy of Autus Consultants: SBA Policies: PPP | EIDL | Express Bridge Loans | Debt Relief
In order to address some concerns of the businesses in United States, the federal government has issued relief packages- although not enough for needs of most businesses, but in this crucial time it is going to provide help for some of the major requisites which obviously has to include:
- Wages/salaries of the most import resource of the business, the man power or the human resource,
- Loss of business revenue due to inability to operate,
- Some debt relief, among others
To address the above, the federal government has issued program such as:
- Paycheck Protection Programme (PPP)
- EIDL Loan Advance upto $10,000
- SBA Express Bridge Loans upto $25000
- SBA Debt Relief
Yes! you also can avail the same and may not even require to pay it back to the government.
The relief package during these hard times will be a boon to many small businesses &
will also help budding entrepreneurs to survive their dream. Yes the package will not be
taken as the replacement of the loss businesses incurred, but it certainly be helpful for
survivals, which is the most crucial need of the hour.
All the concerned departments are working their best to disburse for your needs ASAP.
Get your eligibility tested and file for the same to get the assistance for your needs by following
clicking here:
Disclaimer: The above article is just the view point of the author over the subject.
Kindly refer to the official link provided above.
