Your Business Owner's Guide to Surviving COVID-19

By Kisha Velazquez 

Updated on Mar 31, 2020 • 4 min read

not-today-covid19-sign-on-wooden-stool_cropped 2

 

This page is your one-stop business resource guide to conquering COVID-19. We hear your concerns on how to continue to serve your customers, protect your staff, and regain revenue amid disruptions in the supply chain, city-wide shutdowns, and changes in consumer behavior. In response, we created this living outline of links from reputable sources on how to secure relief funds, virtually run your business, and stay positive during the global pandemic. We're grateful for the opportunity to support your business as we overcome these challenging times together. Feel free to share additional resources you find in the form at the end, and we'll update the page.

 

💰 Financial Relief Options

The Small Business Administration is offering low-interest federal disaster loans to small businesses suffering economically due to COVID-19. The loan offers up to $2 million in assistance, with interest rates of 3.75% and repayment terms up to 30 years. The response for economic relief also varies by city and state, so the best thing to do is check with your local governor's office for the latest on state-specific assistance.

 

Coronavirus Aid, Relief, and Economic Security(CARES) Act

 

Federal Loans

 

State Loans & Grants

 

Bank Emergency Loans & Fee Forgiveness

 

Grants & Relief Funds from Private Corporations

 

📈 Financial Strategies

During the COVID-19 outbreak, your business will likely face some unique financial challenges. Below, you'll find a list of tools to help you cut costs, forecast cash, and make the most of the situation. Having an unclouded outlook on your finances during this crisis will be vital to helping you make the best decisions possible.

 

Cutting Business Costs During COVID-19

Cutting Business Costs During COVID-19-1

 

🤝 Management Strategies

The CDC and Chamber of Commerce offer companies guidance on preventing workplace exposure. Consider how interactions with your customers, team, and community will be affected. Below are work-from-home tools and tips to keep communication open.


Our Favorite Cloud Tools at Ignite Spot!

 

CDC Business Sector Call for COVID-19

 

😄 Mental Health Strategies to Stay Positive

Staying positive while facing uncertainty is crucial during a crisis. You have the influence to set the tone of calm and direction for your team and customers. Start by investing time in your physical and mental health so you have the energy and clarity to conquer any problem thrown your way, including a global pandemic.

Focus on the Positive

Practice Exercise and Mindfulness at Home

 

Headspace Meditaion Playlist

 

Do You Know of More Tools & Resources?

What tools or resources do you find useful for keeping your business resilient amid COVID-19? Please submit your link, and we'll update the page.

Submit Resources Here