How are you handling HR issues?
Are you applying for SBA loans?
There are several types of loans. And new info is appearing daily.
Capital up to $10MM.
Up to 30 years to repay. Some actually are forgivable.
3.75 to 4%
https://disasterloan.sba.gov/ela/
https://www.inc.com/kevin-j-ryan/sma...incthismorning
My world: Everyone at the software companies are working remotely. The chocolate factory shut down yesterday due to not be considered an essential business. The chocolate elve had already left due to health concerns. I handle all the commercial rentals myself so no impact:
I don't intend to lay-off anybody...if this stretches into June or July...then we may look at cutting salaries by 25 to 50%. With the $1,200 everyone is getting already from the gov, and the 4 month unemployment (+$600/week additional), if we have to do layoffs, then the Team will not be totally without funds.
What are you doing to ride the storm out?