304: COVID-19 Info for Small Businesses
The How of Business - How to start, run, grow and exit a small business.
Henry Lopez, Levante Business Group
4.7 • 522 Ratings
🗓️ 6 April 2020
⏱️ 40 minutes
🧾️ Download transcript
Summary
SBA and Government Info & Resources for Small Business. The CARES Act provides loans and other programs to help your small business during the coronavirus crises. In particular, the SBA Economic Injury Disaster Loan Program (EIDL) and Loan Advance (Grant), and the Paycheck Protection Program or Payroll Protection Loans (PPLs).
Henry Lopez is a serial entrepreneur, small business coach, and the host of this episode of The How of Business show – dedicated to helping you start, run and grow your small business. (TheHowOfBusiness.com)
Transcript
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| 0:00.0 | Welcome to the How of Business with Henry Lopez and David Begin, the podcast that helps you start, run, and grow your small business. |
| 0:12.9 | And now here are your hosts. |
| 0:16.1 | Welcome to this special episode of the Howa Business. |
| 0:19.0 | This is Henry Lopez. |
| 0:20.5 | And this is the second |
| 0:22.2 | episode now that we've done on the COVID-19 or coronavirus crisis. The first episode I released |
| 0:29.3 | on this topic a couple of weeks ago seems now like such a long time ago. So much has happened |
| 0:35.2 | in the last couple of weeks for all of us personally, as well as for all of us as business ago. So much has happened in the last couple of weeks for all of us personally, |
| 0:38.1 | as well as for all of us as business owners. So it was important to release another update |
| 0:44.0 | episode for those of us who may not have all of the facts just yet. If you are feeling confused, |
| 0:51.4 | overwhelmed, scared, uncertain, you're not alone. All of us as business owners are |
| 0:57.1 | struggling through this time trying to decipher all of the programs that are part of the new |
| 1:02.0 | CARES Act. And so what I've been doing last week now is trying to do as deep a dive as possible |
| 1:08.5 | and study every bit of information that I've been able to |
| 1:11.6 | get my hands on. And I've been able to compile what I know to be some of the facts right now. |
| 1:18.2 | But of course, I'm not an expert. I'm just doing my best, just like you are, to try to gather |
| 1:23.8 | all this information, decipher all of these programs. And this is a moving target. |
| 1:28.4 | Unfortunately, every day we're getting more and more clarification on some of these programs |
| 1:34.3 | that we might be able to use to help us survive this crisis as far as our businesses go. |
| 1:41.0 | So an important disclaimer here before you listen to this episode as well as |
| 1:45.6 | if you go to our website is that again, as our government agencies release new and sometimes |
| 1:51.8 | conflicting guidance because that's what's happening right now. It's important to understand |
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