Financial Resource Guide for Small Business Owners to navigate through COVID-19

COVID-19 has brought a lot of uncertainty to Small Businesses across the United States. Many business owners are feeling the financial pressures brought on by mandatory closures, or decreased traffic as a result of shutdowns. Things are changing daily as well, so it can make even the most veteran businessperson’s head spin.

What every Small Business Owner needs to know as they navigate COVID-19:

Make sure your employees know about the resources available to them:

If you must lay off employees, recognizing the increased Federal Unemployment Benefits could provide you with peace of mind.

The CARES Act – Payroll Protection Program (PPP)

Emergency Injury Disaster Loan (EIDL)

Economic Injury Disaster Loan Emergency Advance

Delay the Payment of Employer Payroll Taxes

Business Interruption Coverage provided by your insurance carrier

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Written by CFO Melissa Hurrington