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Small Business Could Get Relief Under Stimulus

Under the new stimulus plan small businesses with less than 500 employees could qualify for a loan, reports Inc. 

With President Donald Trump having signed an unprecedented $2 trillion economic stimulus package aimed at supporting U.S. businesses and individuals, you're probably wondering what it all means for you as a small-business owner.

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Small Businesses in Danger

Former head of the Small Business Administration warns that 20% of all small businesses could go under during the covid-19 crisis, reports Yahoo Finance. 

The former head of the Small Business Administration under Barack Obama hailed the arrival of the coronavirus stimulus package, but warned of catastrophic outcomes for a large number of American small businesses.

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Businesses Get Creative Amid Covid-19

Small businesses work to come up with solutions to bring in cash flow during Covid related shut downs, reports KCRG.                                   

“On a normal Saturday this place is hopping,” said the owner of Main Street Exchange Tracy West. “We had trouble keeping up, but today we’ve only had 10-12 people coming through the doors.”

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