Coronavirus Small Business Survival Guide
All content in one place. The coronavirus is causing financial difficulties for businesses across the U.S. Here is a complete listing of all of our coronavirus resources for small businesses.
Senate Hits Impasse
Over $250 billion in coronavirus small-business funds. The Senate hit a standoff Thursday over a Republican proposal to add $250 billion in small-business coronavirus relief funds to a program on pace to run out of money.
Senate Majority Leader Mitch McConnell, R-Ky., had sought unanimous consent — a procedural maneuver to pass a bill without having lawmakers vote — to approve more funding for the Paycheck Protection Program, but Democrats objected, claiming McConnell was politicizing the push for more small-business money.
Small Business Loan and Grant Programs
Resources and Relief Programs. Businesses have a growing number of resources and relief programs to turn to, including many new provisions included the stimulus package enacted by Congress. Many small businesses have so far encountered roadblocks getting federal assistance, but there are other sources of funding to consider, including grants and emergency loans from states, cities and community organizations.
Did You Know?
Self-Employed Can Now Apply for Paycheck Protection Loans. If you’re self-employed, today is the day you can begin applying for the Paycheck Protection Program funding, and if yesterday’s NJBIA webinar on the subject is any indication, it’s best to do it quickly. The money is distributed through the SBA’s existing Chapter 7a loan program, which means the self-employed would have to apply through a bank or other lender that is participating in the program.
Murphy Issues Insurance Premium Grace Periods. Gov. Phil Murphy announced a new executive order today that provides 60-day grace periods for health and dental insurance premium payments, and 90-day grace periods for: home and auto insurance; renters insurance; life insurance; and for insurance premium financing arrangements.
Restaurant Industry Daily Alerts
How are we doing? If you are finding these daily bulletins informative and helpful during this pandemic, we kindly ask that you write a brief Google review giving us a vote of your appreciation. Simply Google “Bielat Santore & Company” and when the name appears click the button on the right to write your review.
You don’t need a Google mail account to leave your review on Google. However, you do need some kind of Google account. So, that could mean YouTube, Google Play, Google Drive, Gmail, or Google Maps, which is quite easy to do. Upon typing “Bielat Santore & Company” – Allenhurst, NJ into Google Maps, scroll down and you will see an option to leave a review. Hopefully this will help all who have wanted to write a review but did not have a Gmail account.
Thank you and remember all of the “Restaurant Industry Alerts” can be found at www.123bsc.com/news/. We intend to continue to keep you informed as we all look for an end to this crisis.