Lebanon Chamber executive encourages small businesses to apply early for the U. S. CARES program

The latest survey conducted by the NFIB Research Center shows almost all small employers are now impacted by economic disruptions related to COVID-19. Among negatively impacted small employers, 80% report slower sales, 31% are experiencing supply chain disruptions, and 23% report concerns over sick employees. About half of small employers say they can survive for no more than two months, and about one-third believe they can remain operational for 3-6 months. Not surprisingly, many small business owners are anxious to access financial support through the new small business loan program to help alleviate some of the financial pressures building up. During the Chamber Talk Program, on KJEL, Chamber Executive Director Darrell Pollock encouraged small businesses to apply early for the CARES act funding, including the small business paycheck protection program…

Other programs that are available for businesses, includes the Employee Retention Tax Credit, Economic Injury Disaster Loans, and Emergency Grants. To find additional information about funds available to businesses go to the SBA.GOV website.