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What To Do When Small Business Aid Comes Back

  • By: James Rumps
  • 04-21-2020
  • Category: Uncategorized

April 3 brought welcome relief to small businesses across the U.S.  That's the date that the government made $350 billion available for forgivable small business loans.  Only two weeks later, that money was gone.

During that time span of two weeks, major corporations received millions of dollars in funding.  Potbelly, Shake Shack, Ruth's Chris Steakhouse, and others lined their pockets with millions that should have gone to small businesses.

During that time span of two weeks, major corporations were able to line up lending and legal advice to help them stay ahead of the small businesses that were the intended recipients of the loans.

During that time span of two weeks, small businesses around the U.S. were trying to figure out how to keep the employees paid and the doors open (even if it was just being open online).

During the time span of those two weeks, many small business owners struggled to figure out what amount to take, what bank to get it from, what they would qualify for, etc.  

It's been reported that the government is working on another funding package for small business owners.

It's time for small businesses to take the power back and get the funding that they deserve.

Here at Marvel Law, we say it's time for all small businesses to be able to get access to the knowledge that will help you get the aid your business needs.

Here are some helpful links:

How much can you get in forgivable aid:  https://aidassist.intuit.com/app/home#/home

Where can you apply for four different types of aid for your small business:  https://www.sba.gov/funding-programs/loans/coronavirus-relief-options

At Marvel Law, we are here to help serve you with purpose.  Click here to email us or call us at 309-807-2885 for your FREE 15-minute consultation.  Due to the Stay At Home order, we are offering FREE 15-minute video conference consultations.  To take advantage of the video conferencing ability, please email us to set up a time.