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Village Small Businesses Will Get Financial Assistance

Village Small Businesses Will Get Financial Assistance 


Village Small Businesses Will Get Financial Assistance


Village Small Businesses Eill Get Financial Assistance

Good news for small business owners, shopkeepers, businessmen, laborers, get help
Two weeks ago, Delores Tronco-DePierro celebrated her highest week of sales ever at her West Village restaurant, the Banty Rooster. Now, she’s laid off the entirety of her 33-person staff and has been on the phone with loan agents, insurance companies and suppliers to try to stay afloat during the coronavirus pandemic. She closed the Banty Rooster indefinitely on Sunday, sending her employees off with food and some rolls of toilet paper from the restaurant.

As she watches news reports of airline and cruise ship companies possibly receiving bailout money from the federal government, she’s left wondering what will become of all the small businesses struggling to pay their bills since people across the U.S. have been advised to stay home and owners have been forced to close their doors.

“Right now, I’m not able to see or point to anything that says small businesses are going to be included” in the bailout, Tronco-DePierro tells CNBC Make It. “Will we be included? Or are we going to be left behind?”
                    
This is the harsh reality for small business owners across the country now that the novel coronavirus has upended life as people know it. More than 50% of small business owners in the U.S. say they will only be able to keep operating for up to three months under the current conditions, according to a new Goldman Sachs survey of more than 1,500 small business owners. Almost all owners, 96%, say their businesses have already been impacted by COVID-19.

With government officials across the country ordering restaurants and bars to close except for takeout and delivery, restaurant owners are especially vulnerable. Tronco-DePierro doesn’t have the infrastructure to deliver food, and she’s worried the cost of doing so would keep her from reopening in a few months.

“I had to really ask myself if it was worth it try to set up those systems, change the menu, order the packaging, figure out the channels for fulfilling those orders when day to day everything is changing,” she says. “It could be the next day they say ‘shelter in place,’ and all of that was for nothing.”

The Federal government is debating ways to help struggling small business owners like Tronco-DePierro, including making available $300 billion in small business loans to employers with 500 employees or fewer. In the meantime, here are some suggestions for what to do now if you need immediate financial help.

Small Business Administration loans
The U.S. Small Business Administration (SBA) has increased its funding pool from $20 billion to $50 billion in response to the virus.It is currently offering low-interest disaster loans of up to $2 million for small businesses suffering losses due to the coronavirus. These loans, per the SBA, can be used to pay debts and cover payroll and other bills. You can apply online or by mail once the governor of your state submits a declaration of emergency.You can also reach out directly to your local Small Business Development Center (SBDC) and your SBA district office.

Government yojana form and New circular
Below imp form and Circular
Important link: 230 Daily Earning-
Contact Near Gram Panchayat

Good news for small business owners, shopkeepers, businessmen, laborers, get help
Click here to download Circular
Click here to download Form


You can apply online or by mail once the governor of your state submits a declaration of emergency.You can also reach out directly to your local Small Business Development Center (SBDC) and your SBA district office.

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