While marred with glitches and website crashes, the Small Business stimulus loans are still a possible hope for all small businesses devastated by Covid-19 nationwide. We here at NVHBG, want to make sure that we can give any assistance or help for those that may need it with as much information as we can. If you do need assistance to remember to check out the SBA website and talk to your local lender on how they are supporting small businesses through these uncertain times.
Since last Friday, there has been an influx of applications, uneasiness, and uncertainty about the process and when money will actually arrive. The Paycheck Protection Program has the ability to be the much-needed lifeline that small businesses are going to need in these next weeks or even months. While the banks are processing loans, there is some confusion on the language within the promissory notes and the needed funding for the banks themselves.
While the days go on hopefully there will be a smoothing of the process bringing back confidence for those small businesses most affected. While the Paycheck Protection Program will help those who keep employees employed through the crisis; all the rules and regulations through the SBA website, or they may be through your own current lender which are all working with the SBA. Remember that there may be long line so it’s important to have some patience as hold times may be longer than usual.
We are all facing some challenging times ahead, but we here at NVBHG, hope that you and yours stay safe and are able to keep following the guidelines 30 Days to Spread given out by the CDC and the administration.
There are plenty of small businesses concerned about Covid 19 and Small Business. How they will stay afloat now and in a possible post-Covid-19 time.
Companies of all sizes are having to take a hard look at how they are doing business. Not just their logistical planning but how they are going to offer services without physical customers. It will be months before we know the true economic effects of Covid 19, so keep yourselves apprised of the situation and keep yourselves prepared.
As of last week, there have been new government programming that may be able to help. For this, we turn to our friends in the SBA, Small Business Administration, to learn about some possible relief for small business owners in our area.
Low-interest Loans for Covid 19 and Small Business
There are low-interest loans for those affected in disaster areas, that includes businesses and homeowners. If you qualify for one of these loans make sure you take advantage and apply. There have been funds allocated to help small businesses in these trying times. We need to make sure that those that need access to them have the appropriate information.
Here at the NVHBG, we are trying to keep ourselves informed as well as those small businesses we have access to. Keep spreading the word. Small businesses are the life-blood of America. We need to make sure to keep as many of them up and running as possible.
Keep Safe and Healthy!
Stay up to date on the upcoming events: https://nvhbg.org/events-calendar/ Events although being canceled this month, we will be working on virtual events to keep small business focused on growing their companies.