Covid-19 Resources for Small Business Owners
There has very likely never been a more challenging time to be a small business owner than right now.
That anxiety? Normal.
Stressed out? We feel you.
Are things hopeless? Absolutely not.
No matter how your business is being affected during these uncertain times, we want you to know that PBSCO is here for you.
We’ve put together a list of resources for US, Canadian, and UK small business owners affected by Covid-19 in the hopes that having a place to find help might, well, help.
Information for the US
- The U.S. tax filing deadline has been pushed back 90 days to July 15, 2020.
- Check the Small Business Administration for how you can apply for a COVID-19 Economic Injury Disaster Loan. There is $10K available as an advance through this program. Here's a link to apply for Disaster Loan Assistance.
- You can also apply for the Paycheck Protection Program here. This is an SBA loan that helps businesses keep their workforce employed during the COVID-19 crisis.
- Use this handy calculator to find out how much you’ll receive from the coronavirus government checks.
- New York City is offering zero-interest loans of up to $75,000 for businesses with less than 100 employees that have seen a 25% decrease in sales. Additionally, 40% of payroll costs will be covered for businesses with fewer than 5 employees.
- San Francisco’s COVID-19 Small Business Resiliency Fund is offering up to $10,000 for employee salaries and rent for businesses with up to 5 employees.
- Florida is offering eligible small businesses interest-free (for the first year) loans up to $50,000.
Information for Canada
- Canada introduces increased support for individuals and businesses, including the new Canada Emergency Response Benefit (CERB) program. Read more and apply for these programs here.
- The Canadian tax filing deadline has moved to June 1 for individuals. Canadian businesses are allowed to defer income tax payments interest and penalty-free until August 31.
Information for the UK
- UK government guidance for employees, employers and businesses.
- Grants of up to £10,000 for small businesses receiving rate relief and £25,000 for retail, hospitality and leisure businesses.
- Private lenders like Lloyds Banking Group and NatWest are making funds available to small businesses impacted by COVID-19.
- Facebook: $100 million in cash grants and credits available to 30,000 small businesses will be introduced in the coming weeks ahead.
- Moonlighting Inc: With their platform focused on jobs in the gig economy, Moonlighting may be able to help. Their services are currently free of charge.
- Remote work toolkit is being provided free from Zoho (through July 31, 2020).
- Entrepreneur’s roundup of 65 free tools to help you collaborate.
- World Health Organization’s mental health guidelines for the COVID-19 outbreak.
- Headspace Plus plan is now free for US healthcare professionals.
- Meditation apps from Calm are now free.
We don't wish hardship on anyone - but if we have to go through this, let's work to find ways to support each other.
Yes, perfecting our social distancing coping mechanisms and Netflix must-watch list is a good way to spend this time, but we can also be a strong community that lifts each other up and walks together (but six feet apart, y'all) through the dark.
We'll keep working to find ways to be here for you, so we can all have an easier time being there for each other.