Suzanne Hill talks with the Orlando Business Journal in an article published on April 2, 2020 about what businesses can be doing to help set themselves up for success on the other side of the coronavirus outbreak.

She advises all small businesses to evaluate their eligibility for emergency relief.

“Florida now qualifies for low-interest federal disaster loans from the U.S. Small Business Administration (SBA). These loans are available to small businesses and certain private nonprofit organizations suffering severe economic injury due to COVID-19. Small business organizations also may be eligible for short-term emergency bridge loan relief. These loans offer up to $50,000, interest-free for one year. Additionally, the Coronavirus Aid, Relief, and Economic Security Act (CARES) has allocated $350 billion to help small businesses keep workers employed during the pandemic. Specifically, the Paycheck Protection Program will provide 100% federally guaranteed loans that may be forgiven if borrowers maintain their payroll during the crises or restore their payroll afterward,” she explained.

She also addresses questions such as:

• What can you do if your business is not an eligible small business?
• How can a small business make sure their workers still have income?
• How can businesses be proactive rather than reactive?

Read the full article (subscription may be required).