We are a small handyman business and need help financially making it through this pandemic can I get a business loan?

Cecil asked 2 weeks ago
We only have 4 workers but there families are suffering because I have no work for them?
1 Answer
Andrea Staff replied 2 weeks ago
Hi Cecil,

If your business has been impacted by COVID-19, you can check out the Small Business Administration's resource page to see what options are available:

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

The Paycheck Protection Program, which offers grants and low-interest loans to small businesses, has closed. There were talks about Congress funding it further, but those talks have stalled and will unlikely resume until after the election.

The Economic Injury Disaster Loan is still accepting applications, and offers favorable loan terms.

If you don't qualify for COVID-related loans, you can look to your local lender to get a business term loan from a local lender.

We also have an article about financing options for small businesses: https://www.zenefits.com/workest/financing-options-for-small-businesses/