The days of “business as usual” are well behind us, and we’re not quite sure when we’ll be able to experience them again. As such, small businesses around the nation have had to embrace new sales initiatives, take to virtual marketplaces, or in some cases, close their doors for good.
In efforts to keep as many businesses operable and as many individuals employed as possible mid- and post-pandemic, the federal government has enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This legislation provides almost $2 trillion in aid to businesses, employees, and families impacted by COVID-19.
For those seeking government assistance during these trying times, it’s imperative to partner with a law firm you can trust to navigate complex legal matters and get the loans you and your small business deserve. Here are a few things The Law Offices of Jason C. Pollack, P.C. encourages you to tend to as you and your business move forward:
Stay Up-To-Date on Current Legislation
To keep abreast, small business owners can refer to the Small Business Administration (SBA) websites as well as our office’s resources. We’re happy to consult you on relevant legislation that may apply to your business. This leads us to our next point:
Take Government-Offered Grants or Small Business Loans
The federal government will continue to help small businesses with grants and loans with little to no interest. The SBA has announced a loan designed to cover fixed debts, payroll, accounts payable, and other expenses that businesses cannot pay as a result of financial setbacks due to COVID-19. Small businesses should take full advantage — but not without the help of a trusted team of attorneys!
Consult a Reputable Law Firm
Several law firms offer free consultation and can help you navigate several bankruptcy options, such as Chapter 11 and Chapter 13 bankruptcy. While bankruptcy may initially seem to carry a negative connotation — it may be the timely restructuring your small business needs to keep going.
For more information about how our legal team can help you and your small business get approved for loans during these unprecedented times, contact us today!