As the Coronavirus (COVID-19) continues to spread globally, we want to support you and your business, and to navigate this complicated and ever-changing environment together. We want your small business to have a plan in place and part of this plan is additional funding. Most states have been declared a disaster area and then the following option is available to you:
- SBA (US Small Business Administrator) low-interest, long term loans for business affected by disaster (COVID19 is considered a disaster)
If you would like to engage us to assist you in applying for these loans, please contact your account representative to get started.
We encourage you to act fast in submitting the applications to reduce the strain on your business cash flow as we anticipate the lenders to be overwhelmed.
Do you have a plan in place for these common issues small business may encounter during a disaster?
- Capital Access
- cash funds for payroll, inventory, payables, etc.
- Workforce Capacity
- Inventory and Supply Chain Shortfalls
- Facility Remediation/Clean-up Costs
- Insurance Coverage Issues
- Changing Market Demand
- Marketing
Plan – As a business, your plan needs to be in place and ready for changes as this incident worsens and eventually improves. We are here to help or get you with a key resource to help.
We will be sending out additional e-mails this week regarding the paid leave act, extensions, and other congress actions taking place.
While we are closed for appointments, we are working remotely and continuing to move your work thru. As everything continues to develop, please continue to check our resource page at: https://www.cpapartnersllc.com/coronavirus-resource-center
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