Important information for all small businesses in NH and other areas: The Small Business Administration now has “disaster loan” opportunities for small businesses, including Economic Injury Disaster Loans and Payroll Protection Program loans. Both of these programs can in fact be grants (“forgivable loans”) if used for the intended purposes, and have low rates for any money you must pay back.
Our accountant, Joe Orabono at Vector Tax & Accounting, sent us a note to tell us he’s recommending that ALL his small business clients apply for these programs, especially given the potential for grants from them. Here at hasOptimization, we are absolutely NOT financial professionals, so you should consult with your accountant for information specific to your needs.
If you’re a small business owner and are looking for more information on these programs, some details are available on SBA.gov.
While we can’t help with financial advice, we wanted to share this important information with those who might need it. We CAN help you with other aspects of managing your business during the coronavirus pandemic, however, including ecommerce setups, social media marketing, advertising, and advice on how to take your business online, even if it’s your first time.
Stay home, stay healthy. We’re all in this together.