Resources available to help you navigate this crisis
In this unprecedented time, our goal is to be your steadfast partner, finding and providing resources and opportunities to help you navigate this crisis, stay connected with your customers and your community, and arrive ready to thrive on the other side. We continually update this list of resources as the situation evolves.
CARES Act: Apply now for the Paycheck Protection Program which provides small businesses with forgivable loans for up to 8 weeks of payroll & benefit costs that can also be used for interest on mortgages, rent and utilities. You can apply through an existing SBA 7(a) lender or through any participating federally insured depository institution and federally insured credit union. Check with your local lender.
The Small Business Association (SBA) has created a comprehensive Coronavirus page with all of its resources in one place.
Access to Capital
Guidance
State Programs
Several states offer guidance and assistance for businesses impacted by COVID-19. Link to your local and state government websites.
Bank Programs
Some banks are offering relief to customers and businesses (list as of 3/12/2020).
The Internal Revenue Service has extended the deadline for filing federal income tax returns to July 15, 2020.
Google Ad Credits
Google is offering $340M in Google Ad credits to small businesses who have been advertisers since the beginning of 2019.
Facebook Small Business Grants Program
Facebook has launched a grant program for small businesses offering $100M in cash grants and ad credits.
Financial Resources for Businesses & Employees
Gift Card Sales - Register your gift card program at www.rallyforrestaurants.com and promote via social media using #rallyforrestaurants.
Yelp is offering $25M in relief to restaurants and bars. Click here for details.
Contactless Curbside Pickup & Delivery
Restaurants are coming up with creating ways to provide access to food and beverage. You may consider curbside pickup or delivery, and perhaps shifting your menu to food that people need right now, including family-friendly, shared packaged meals, boxed cookies or kits, and if your state allows it, alcohol or alcohol kits. Delivery service can charge fees from 15-30%, but some may be offering discounts.
Delivery Services
The retail community is finding new and creative ways to serve their customers. Here are a few that we’ve seen.
Offer Gift Cards - Consider starting a Gift Card Program (specifically E-Gift Cards) that can provide you with immediate cash, guaranteeing customers will return to your business. Post gift card opportunity on the homepage of your website. Get started by clicking here: U.S. Chamber of Commerce
E-Gift Card Companies
Stay in Touch - Proactively communicating information to your customers is imperative during this challenging time. You can connect by email, your website or social media channels such as Facebook or Instagram. Include how you are keeping people and products safe or how you are handling customer inquiries, shipping or any information you expect your customers need. If you use Facebook, here are some tips on how to manage communication.