Small businesses and combating COVID-19
March 24, 2020 11:50 am Leave your thoughts
With the rapid outbreak of the coronavirus, small businesses across the world are struggling to keep up. Between fewer customers, forced closings and more obstacles, owners are forced to adapt to this new, hopefully temporary, way of life. To learn more about how some small businesses are combating the virus, and how your business can be helped, read on.
Distilleries shifting to hand sanitizer production
Lately, the news has been full of COVID-19-related discussion, sprinkled in with some reports of dwindling amounts of available toilet paper and hand sanitizer. While this drastic response could prove worrisome, some businesses are taking advantage of the opening in the market and are shifting to producing items based on demand. In particular, distilleries have been switching up their typical routines. BBC News reported that a handful of gin distilleries in the U.K. have started making products such as hand sanitizer during the worldwide pandemic. Many of these companies are using their resources as a way to give back to the community at the same time – Psychopomp Micro-distillery in Bristol will be donating 100 ml of their sanitizer to the public. Beyond this, some of their patrons are still giving back to the distillery to help with their fundraising for the Bristol's Children Hospital.
How the SBA is helping small businesses in need
For any small businesses who are struggling during this time of uncertainty, the U.S. Small Business Administration (SBA) has compiled a list of resources to assist with any troubles. The Economic Injury Disaster Loan Program is open to any small business in the U.S. to help cope with any loss of revenue that they might be experiencing. There's also the Guidance for Business and Employers – this helpful information includes tips from the CDC, instructions from the U.S. government, facts about COVID-19 and more.
The SBA Products and Resources is another tool that small business owners can use when coping with the effects from COVID-19. Through all of the connections that the SBA has, they are able to provide you with information on loans, accessing important resources and more. If your small business has any contracts that are struggling to be continued through the pandemic, the SBA also has resources to assist with your federal contracting with their Government Contracting information.
In this time of great uncertainty, don't let your small business fall after all of the hard work you have put into it. Utilize resources, neighbors and more to help get through these tough times. Stick together, stay healthy and we will all come out of this stronger than ever!
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