Where To Look For Small Business Relief During Coronavirus Lockdowns
We know times are a little uncertain, and that many of you have had to close your shops or cancel your first spring markets and shows.
If you are looking for some resources to help you weather this storm, check out some of the following info to help your small business.
-CARES Act via the US Treasury Department
-Kabbage is facilitating Paycheck Protection Program loans through its website. While you are there, Kabbage is also allowing small businesses to sell Gift Certificates through its services. If you don't have a website, this is a way to issue gift cards for future use.
-PayPal is also facilitating PPP loans on its website. If you use PayPal to take payments, they have also waived a number of fees to help offset costs.
**Paycheck Protection Program or PPP Loans applications are no longer being accepted at this time 04/16/20. Make sure to check in with your lenders if you submitted an application in case the fund should be replenished. Reach out to your local bank that you deal with on a daily basis, you may have luck with them!**
-Banks Offering Payment Deferral Relief
-Small Business Grants with Facebook
-Business Resource Hub also through Facebook, provides some insight and information to help you manage your business during this time.
-Relief Loan Assistance with the US Small Business Administration
-Each State is offering various forms of assistance. Click here to find your Governor and their website, complete with any aid they may have available.
-Currently Maine, Massachusetts, Michigan, NYC, San Francisco, and Seattle have some large scale local initiatives to help small businesses. If you're in one of those states or cities, click the links to see what's available.
-Your local Chamber of Commerce can help you find local initiatives, programs, and aid.
The IRS has issued some changes for Tax Relief at this time.
Please know that all these recommendations may have interest or fees attached to them. Be sure to read everything before committing to any of them.
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We know this is an unfamiliar situation we all find ourselves in. The bright side of this situation means you now have time to spend with family and pets. Time to catch up on your reading. Time to build up your inventory for your shops and upcoming shows. You have time to try some new techniques or designs. Time to learn to promote yourself in new ways, to reach new people.
Make the best with this weird state we find ourselves in. Support local businesses. Donate time or goods to the places that need it. Promote your friends and fellow craftsmen. Do whatever you can do to help and we'll all pull through together! See you on the other side everyone.
