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Your questions on the lockdown and U.S. small business, answered

Trade News by Trade News
April 15, 2020
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Your questions on the lockdown and U.S. small business, answered
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NEW YORK (Reuters) – After closing their doors to prevent the spread of the coronavirus, many small businesses face an uncertain future following government-ordered lockdowns.

FILE PHOTO: A closed sign is shown on the window of a beach sports store during the outbreak of the coronavirus disease (COVID-19) in Encinitas, California, U.S., April 9, 2020. REUTERS/Mike Blake/File Photo

As part of our weekly #AskReuters Twitter chat series, Reuters gathered a group of small business experts on April 15 to answer questions about federal aid, business strategy and managing an organization amid a crisis.

Below are edited highlights.

Where can small businesses still look for help and what documents do they need?

“The Small Business Association (SBA)’s Paycheck Protection Program (PPP) loan program can provide loans that are forgiven if used to maintain employees’ jobs. There are also Disaster Relief Loans and many others governed by the SBA. Each loan has an application. The…



Source reuters.com

Tags: answeredbusinesslockdownquestionssmall
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