Small Businesses and COVID-19
- March 18th, 2020
This is what we know, for now.
The CDC released information regarding loans and subsidies for small business who have been heavily affected by COVID-19. The loans are low-interest (3.75% for small businesses and 2.75% for non-profits), and can be used to pay fixed debts and other bills that cannot be paid, directly due to the pandemic.
As of now, the states who are covered under this federal plan for SBA disaster loans are listed at the link included here: https://www.sba.gov/disaster-assistance/coronavirus-covid-19
South Carolina, as of the release of this list, is not included and there is nothing released about disaster relief from the State of South Carolina for small businesses.
For now, the recommendation for small businesses is to keep sick employees home, practice cleanliness around the office or place of business, avoid working face-to-face with potentially sick clients, and wash your hands often. The link to these cleanliness recommendations, and more are in this link here: https://www.cdc.gov/coronavirus/2019-ncov/community/organizations/cleaning-disinfection.html