March 20, 2020 / Brianna McGurran, Forbes Staff
Small businesses have been hit hard by mandatory closures and safety measures required to slow the spread of the coronavirus (COVID-19).
In a March 18 letter to President Trump, the National Restaurant Association estimated that the restaurant industry would lose $225 billion over the next three months alone, leading to the loss of five to seven million jobs. Many other industries are suffering, too.
But businesses have a growing number of resources and relief programs to turn to, including emergency funding from the government, protection from eviction and business loan deferment. The FDIC is encouraging banks to work with customers to provide coronavirus-related assistance, related to both personal and business finances.
Below is a list of federal, state and lender-specific support to pursue, which will be updated to include programs as they’re released and refined. Return to this page regularly.
