The US Government has provided available funding for individuals, large corporations, small businesses, public health, state and local governments and education to help the economy stay afloat as people and businesses come to a halt from the effects of the Covid-19. It is referred to as the CARES Act, or, the Coronavirus Aid, Relief and Economic Security Act.
Common problems that small businesses may be experiencing due to the coronavirus include:
- Access to capital to maintain business financials
- Meeting Payroll Obligations
- Loss of available inventory
- Funds to continue marketing campaigns
- Funds to pay suppliers
- Adjusting to providing remote work access to employees
And anything related to the above. The total funding for the CARES Act adds up to $2 trillion, and approximately $377 billion is set aside for the US Small Business Administration to provide working capital loans or grants to companies who have suffered economic injuries from the Coronavirus effects.