Turn Your Covid-19 Solution into a Viable Business

                                               

                 Turn Your Covid-19 Solution into a Viable Business

Entrepreneurs are being forced to reinvent their businesses in a time of covid-19. This pandemic has cause a disruption in society and in the economy. 

Most business had to go into survival strategy. So you may ask what does an Entrepreneur do in this time of crises? Stick to what you know and make sure you have quality in everything you do.  

One lesson of the crisis is the need for speed: one thing about the pandemic it obeys no speed limits, so business have to adapt through quick fixes and workarounds. 

Reinvent yourself. Be proactive, and put a system in place that works. 

SBA FUNDING 

Emergency Economic Injury Grants - These grants provide an emergency advance of up to $10,000 to small businesses and private non-profits harmed by COVID-19 within three days of applying for an SBA Economic Injury Disaster Loan (EIDL). (See info below.)  To access the advance, you first apply for an EIDL and then request the advance. The advance does not need to be repaid under any circumstance, and may be used to keep employees on payroll, to pay for sick leave, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts, rent and mortgage payments.

SBA’s Economic Injury Disaster Loans  (EIDL) offer up to $2 million in assistance for each affected small business or non-profit. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Eligibility for Economic Injury Disaster Loans is based on the financial impact of the Coronavirus (COVID-19). The interest rate is 3.75 percent for small businesses. The interest rate for private non-profit organizations is 2.75 percent.  Attend an SBA free webinar.

>Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses.