COVID-19 Liquidity Relief Programs available for Small Business Owners
At AFS, our primary goal is to help the Small Business Community. As we all pull together to conquer COVID-19, we at AFS are more focused than ever at helping you get through what has already become the most devastating economic catastrophe the world has ever experienced.
To this end, we have developed the below outline to assist you in obtaining the financial assistance you need. We are available to provide you a COMPLIMENTARY financial analysis to guide you towards the best Liquidity programs available to you.
State Backed Disaster Relief funds
Not every state is offering this, but many local and state municipalities have expanded FEMA funds for immediate cash for affected small business owners. These are longer term and low interest rate loans. Again, each state is different and loans are generally limited to a maximum $100,000. You can contact your local congressional office who should be able to direct you.
SBA COVID-19 Disaster Relief Loans
The SBA is providing low-interest working capital loans of up to $2 million to small businesses and nonprofits affected by the coronavirus in presidential and SBA-declared disaster areas. Please note these are not available in every state as yet, so please do keep checking as we highly expect this will get rolled out to nationally as available Liquidity contracts even more.
Expanded Government Relief Plans as of 3/21/2020
While nothing has formally been announced and agreed within the US senate on what will certainly be multiple stimulus plans to stabilize and assist the Small Businesses community, it is a forgone conclusion this will be coming and the sooner the better for all. The following link will allow you to track the progress. Monitor Government Relief Progress
AFS extends its prayers for you and your loved ones to remain safe and healthy during this difficult time.
Bob Alexander President