• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

PlanningShop

Plan. Start. Grow.

  • Our Products
  • Instructors
  • Entrepreneurs
  • BizGear
  • Rhonda’s Blog
  • Book Rhonda
  • About PlanningShop
  • Search
  • Our Products
  • Instructors
  • Entrepreneurs
  • BizGear
  • Rhonda’s Blog
  • Book Rhonda
  • About PlanningShop
  • Search

Daily Update – Small Business Coronavirus Assistance

March 24, 2020 //  by Rhonda Abrams

TODAY—or tomorrow—CONGRESS may decide whether your small business survives. If you want your voice heard, you need to act now.

(Remember: I am doing a Facebook Live www.facebook.com/RhondaAbramsSmallBusiness at 1pm EDT/10am PDT every M–F.)

That is not an exaggeration. Huge stimulus bills will be voted on by the Senate and House of Representatives today or tomorrow, but certainly this week. You need to make sure they help small businesses like yours or the self-employed like you by raising your voice.

Copy and paste the below message, email it to your Senator/Congressperson, and SHARE ON SOCIAL MEDIA, using the hashtag #MainStreetNotWallStreet. Find the contact information of your elected reps at www.usa.gov/elected-officials.

Small businesses need GRANTS, not just loans. Self-employed need to be covered under unemployment.

More fully, here’s the small business support I recommend:
1. Grants not just loans to small businesses with 100 employees or fewer and FAST.
2. Reimbursements to employers for paid sick/family leave come SOON, not just quarterly.
3. Payroll subsidies to small businesses to keep employees on payroll, not unemployment.
4. Self-employed get unemployment insurance.
5. Moratorium on commercial evictions.
6. Relief on commercial loan and business credit card payments and interest.
7. Delayed tax payments and no quarterlies for all of 2020 for businesses with fewer than 100 employees.
8. Delayed payment of utilities and no shut off of utilities of small businesses and consumers.

Here’s the analysis:

Both the Senate and the House of Representatives have huge stimulus bills before them that they will vote on this week. Both have support for small businesses. Both have direct payments to most Americans ($1200 per adult in Senate; $1500 per adult in House).

The House Bill is more responsive to small business needs with grants as well as loans, unemployment for the self-insured, and more money overall for small business support of all kinds. The House Bill is MUCH bigger—$2.5 trillion vs. about $1 trillion—with much of that money going to support the medical community fight against the coronavirus and to ensure free testing and treatment.

Below are the highlights of the House Bill—“Responsibility for Workers and Families Act.” The provisions that most impact small business and the self-employed:

  • Small Business Economic Injury Grants – Authorizes $100 billion in grants to small businesses that can demonstrate losses due to the outbreak.
  • Small Business Disaster Loans – Authorizes additional $184 billion in low-interest economic injury disaster loans
  • Small Business Payroll Support – Authorizes $300 billion in guaranteed, forgivable loans to cover short-term payroll costs.
  • Small Business Debt Relief – Provides small businesses with relief from SBA loan payments, including principal, interest, and fees, for six months.
  • Increasing Access to Capital – Eliminates fees and increases guarantees on SBA-backed loans.
  • Authorizes $265 million for Small Business Development Centers, Women’s Business Centers, Veterans Business Outreach Centers, and SCORE chapters to provide counseling and support to impacted entrepreneurs and small businesses. Authorizes $57 million for Microloan program technical assistance and lending. Authorizes additional resources for the Minority Business Development Agency.
  • Paid sick leave for employees of companies of all sizes; up to 2 weeks at full pay up to $511 per day; Paid family leave for employees of companies of all sizes; up to 10-12 weeks at 2/3rds pay up to $200 per day. Businesses would be reimbursed by the government for this this paid sick or family leave
  • Increases those on unemployment with an additional $600 per week.
  • Self-employed individuals would be eligible for unemployment compensation up to about $675 per week ($600 federal unemployment plus one-quarter of their state’s unemployment pay)
  • Unemployment insurance of $600 per week for non-profit employees.
  • Suspension of residential evictions.

I did not have enough information on the revised Senate Bill to include at this time.

Please join me for my Facebook Live today at 1pm EDT/10am PDT, or watch the video later at www.facebook.com/RhondaAbramsSmallBusiness.

OK – right now, email, text, socialize the message you want support for the House Bill. Please!

Wishing you well – from Rhonda and the PlanningShop team


Copyright Rhonda Abrams, 2020

Share this:

  • Twitter
  • Facebook
  • LinkedIn
  • Email

Category: Rhonda's BlogTag: cash flow, coronavirus, COVID-19, entrepreneurship, House bill, legislation, rhonda abrams, small business, small business tips

Previous Post: « Daily Update – Small Business Coronavirus Assistance
Next Post: Will Congress Kill Your Small Business? Congress»

Primary Sidebar

Subscribe to Rhonda's Blog via Email

Instagram @rhondaabrams

Sign up for my newsletter - get small business tip Sign up for my newsletter - get small business tips and the latest info. sent straight to your inbox! Link in profile~
.
.
#smallbusiness #newsletter #smallbizguru
What’s old is new again! How to stay in front of What’s old is new again! How to stay in front of your smallbiz customers, in my latest @usatoday column. Link in profile~
.
.
#smallbusiness #customer #digitalmarketing #smallbizguru
National Doughnut Day on Friday?? Great way to sta National Doughnut Day on Friday?? Great way to start the weekend!! Enjoy, and go find yourself some doughnuts 😋 🍩 
.
.
#smallbusiness #fridayfeeling #nationaldoughnutday
#smallbusiness #tuesdaythoughts #entrepreneur #ins #smallbusiness #tuesdaythoughts #entrepreneur #inspirationalquotes
“And I’m proud to be an American, where at lea “And I’m proud to be an American, where at least I know I’m free. And I won’t forget the men who died, who gave that right to me.” - Lee Greenwood -
.
.
#memorialday #neverforget
We're heading into a long weekend! Here's to some We're heading into a long weekend! Here's to some R&R, productivity . . . whatever your small business needs~
.
.
#smallbusiness #weekend #entrepreneur #fridayfeeling
Sign up for my newsletter - get small business tip Sign up for my newsletter - get small business tips and the latest info. sent straight to your inbox! Link in profile~
.
.
#smallbusiness #tips #entrepreneur #newsletter #smallbizguru
#smallbusiness #tuesdaythoughts #inspirationalquot #smallbusiness #tuesdaythoughts #inspirationalquotes
Here's to a great week, small business owners! . . Here's to a great week, small business owners!
.
.
#smallbusiness #smallbusinessowner #mondaymotivation
My Tweets
  • Sign up for my newsletter - get small business tip Sign up for my newsletter - get small business tips and the latest info. sent straight to your inbox! Link in profile~
.
.
#smallbusiness #newsletter #smallbizguru
    What’s old is new again! How to stay in front of What’s old is new again! How to stay in front of your smallbiz customers, in my latest @usatoday column. Link in profile~
.
.
#smallbusiness #customer #digitalmarketing #smallbizguru
    National Doughnut Day on Friday?? Great way to sta National Doughnut Day on Friday?? Great way to start the weekend!! Enjoy, and go find yourself some doughnuts 😋 🍩 
.
.
#smallbusiness #fridayfeeling #nationaldoughnutday
    #smallbusiness #tuesdaythoughts #entrepreneur #ins #smallbusiness #tuesdaythoughts #entrepreneur #inspirationalquotes
    “And I’m proud to be an American, where at lea “And I’m proud to be an American, where at least I know I’m free. And I won’t forget the men who died, who gave that right to me.” - Lee Greenwood -
.
.
#memorialday #neverforget
    We're heading into a long weekend! Here's to some We're heading into a long weekend! Here's to some R&R, productivity . . . whatever your small business needs~
.
.
#smallbusiness #weekend #entrepreneur #fridayfeeling
    Sign up for my newsletter - get small business tip Sign up for my newsletter - get small business tips and the latest info. sent straight to your inbox! Link in profile~
.
.
#smallbusiness #tips #entrepreneur #newsletter #smallbizguru
  • Footer

    Our Products
    Instructor Central

    Privacy Policy
    Contact Us

    • Email
    • Facebook
    • Instagram
    • LinkedIn
    • Twitter

    Copyright © 2023 PlanningShop · All Rights Reserved · Site design by paulinaart

    This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. ACCEPT Read More
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT