Need cash? COVID episode - financial relief for small businesses (S5E133)

Published: April 6, 2020, 6:37 p.m.

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This episode was recorded April 1, 2020.

If you\\u2019re a small business owner, you may feel like you\\u2019ve been dealing with the effects of the COVID-19 pandemic for months already. You may have had to lay off employees, temporarily close your business, and more. Times are leaner and cash is oxygen for your business.

So what do you do when it comes time to pay your rent, your employees or yourself? Because you can\\u2019t pay these with a credit card.

Autumn explains all the options that may be available to small business owners to make sure they can get the cash they need to survive the current Coronavirus economic crisis.

In this episode, we\\u2019ll cover:

  • The importance of figuring out how much cash you need to run your business (and why this includes looking at your personal finances, too)
  • Why now is the time to make sure your books are in order
  • What free money may be available to you under the Coronavirus Aid, Relief, and Economic Security Act (\\u201cCARES Act\\u201d)
  • How unemployment benefits have changed (hint: benefits may be available to you when they previously were not - i.e., independent contractors, freelancers, self-employed, etc.)
  • What you need to know about paid sick or family leave, as an employee and as an employer
  • Why you\\u2019ll want to make a phone call to your mortgage company, landlord, bank, student loan servicer, and credit card company (please don\\u2019t just stop paying your bills!)
  • What you need to know about small business loans - including SBA Economic Injury Disaster Loans (EIDL), Small Business Interruption Loans (SBIL) and the forgivable Payroll Protection Program loans, (PPP) - Autumn explains the alphabet soup!

BONUS: The new AWB Firm website launched recently, and while we had a big celebration planned, it just didn\\u2019t feel right to move forward with it given the current state of the world. BUT, we also know that a lot of business owners are dealing with refund requests, event cancellations, and more. If you\\u2019ve discovered that your contract isn\\u2019t quite doing what you need it to (i.e., protecting you and your business), check out our new contract template shop. All templates and bundles are 40% off through April 15. No code needed.

Resources:

AWB Firm COVID-19 / Coronavirus resources page, including step-by-step guide: www.awbfirm.com/covid19\\xa0

NY Times Coronavirus stimulus package article: https://www.nytimes.com/article/coronavirus-stimulus-package-questions-answers.html

This podcast is information, not legal advice specific to your situation.

If you\\u2019re so in love with your course, product, or business name that you\\u2019re ready to say \\u201cI do\\u201d, it\\u2019s probably time to register your trademark. The AWB Firm can help! Clients love our seamless process and flat-fee pricing (i.e., no surprise bills for you!). If you\\u2019re ready to learn more or get started, visit www.awbfirm.com/trademark-copyright.

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