The Coronavirus has now hit most parts of the world. Aside from health, businesses are suffering too. If your business has been unfortunately affected by this pandemic, here is a list of resources that can help you.
Monetary Support for Businesses
Main Street Business Lending & Grant Program
The government aims to help small and medium-sized businesses through this program. The program allows these business to receive grants and loans from the U.S Treasury Department.
Economic Injury Disaster Loans
This program allows you, as a business owner to receive an upward of $10k from the government. Thanks to the recently passed CARES Act, around $10 billion has been set aside to support small businesses.
If your business has been affected in one way or the other by the Novel Corona Virus you can apply and receive needed funds in less than a week.
To make things easier, you do not need so many things or documents before you can apply. The whole application process takes around 10 minutes.
State and Local Economic Relief
Aside from the Federal government’s support, states and cities also provide the financial help that they can to small businesses. They do this by means of small business administrations and emergency relief funds. You can find more details when you contact your state or local government agencies.
JPMorgan Chase – $8MM to Businesses
Private companies are also doing their part in helping out small businesses in this difficult times. JPMorgan for example will set aside $8 million to help businesses. $5 million for the American market and $3 for the international market.
Amazon’s Small Business Relief Fund – $5MM (Seattle)
Small business owners would rejoice when they hear about the $5 million that Amazon pledged for support. Businesses based in Seattle with less than 50 employees or lower than $7 million in revenue are the ones eligible for this relief fund. The offices must also be near the Amazon’s Seattle office.
Refundable Payroll Tax Credits (US)
Businesses with less than 500 employees can claim refundable payroll tax credits. This helps them to cover the cost of paying their employees who are on forced leave because of COVID-19. This is for businesses in the United States.
Federal Economic Stimulus Package
When this package comes into fruition, over $1 trillion will be disbursed to tax paying families based on their size and income. Some of the funds would also be set aside for small and medium sized businesses.
UK’s Coronavirus Business Interruption Loan Scheme – UK
This loan package from the UK is completely interest free for the first year. The interesting part of this Coronavirus Business Interruption Loan Scheme is how huge the loan amount is. The loans go as high as £5 million.
GoFundMe Provides Micro-Grants
Three companies, GoFundMe, Yelp and Intuit Quickbooks have gone on record to support the GoFundMe.org Small Business Relief Fund. This relief fund is set up to provide micro loans to businesses affected by the virus. So far, $1.5 million has been donated into the fund.
Advertising Support for Small Businesses
Facebook Offers $100MM In Advertising & Grants
Small businesses can still keep their ads running and the lights in their building up thanks to this grant from Facebook. 30,000 businesses in more than 30 countries are eligible for this grant. The grant is to help businesses cover rental costs and acquiring new customers.
Google Offers $340MM In Free Ads
Small and medium sized businesses that have an active Google Ad account are eligible to $340 million offered by Google in free ads.
Educational Support for Small Businesses
Ahrefs Opens Up “Blogging For Business”
Formerly paid courses from Ahrefs are now free on their site.
Free Courses from Moz
You can now register for a previously paid training from Moz.
Digital Marketer Free courses
Digital Marketer have opened their trademark course for free. The course is free for March.
Learn SEO & Content Marketing With The HOTH
On the HOTH learning hub, you get to learn local marketing, content marketing and Search Engine Optimization (SEO).
Free Software for Businesses
Atlassian Suite Goes Free For Small Brands
Atlassian has opened up its cloud products to the public for no cost.
Conclusion
Do you know any other resources that businesses might find useful? Let us know in the comments area.
