{"id":8586,"date":"2020-11-29T06:51:43","date_gmt":"2020-11-29T10:51:43","guid":{"rendered":"https:\/\/kerryhannon.com\/?p=8586"},"modified":"2020-11-29T06:51:56","modified_gmt":"2020-11-29T10:51:56","slug":"for-small-business-owners-where-to-look-for-resources","status":"publish","type":"post","link":"https:\/\/kerryhannon.com\/?p=8586","title":{"rendered":"For Small-Business Owners, Where To Look For Resources"},"content":{"rendered":"
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\"\"<\/a>Small businesses across the United States have been pounded by the pandemic. Entrepreneurs have been forced to make drastic cuts and pivot to new business models to keep going. Financial aid, though, is what has kept the lights on.<\/span><\/p>\n

But today, many sources, including private foundations and the federal government, that once offered loans and grants have either closed their financial aid programs or put them on hold.<\/span><\/p>\n<\/div>\n<\/div>\n<\/section>\n

The biggest player, the Small Business Administration\u2019s\u00a0Paycheck Protection Program<\/a>\u00a0(P.P.P.), shut down in August, and Congress hasn\u2019t agreed to more aid. If there is no agreement, it will fall to the new administration to negotiate an aid package in late January.<\/p>\n

This has put small-business owners in a tough spot. After her business storefront was closed for three months, a PPP loan helped Destiny Burns, 56, the founder of the four-year-old\u00a0CLE Urban Winery<\/a> in Cleveland Heights, Ohio, stay afloat.<\/p>\n<\/div>\n<\/div>\n

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In June, Ms. Burns received a small P.P.P. loan and money from the\u00a0Economic Injury Disaster Loan Program<\/a>. \u201cI stabilized operations in my business, and the proceeds of the E.I.D.L. loan give me a cash cushion that was immeasurably helpful and enabled me to sleep at night,\u201d she said.<\/p>\n

She used the funds to invest in an upgraded website with enhanced e-commerce capabilities and installed UV light filtration systems in the air handlers at the winery.<\/p>\n

She recently applied for a\u00a0Small Business Relief Grant<\/a>, designed to provide relief to Ohio businesses that have been hurt by the pandemic.<\/p>\n

In late October, Gov. Mike DeWine of Ohio designated up to $125 million of funding received by the state from the federal\u00a0Coronavirus Aid, Relief, and Economic Security (CARES) Act<\/a>\u00a0to provide $10,000 grants to for-profit businesses with 25 employees or less. There is also a $2,500\u00a0grant<\/a>\u00a0being offered for bars and restaurants (active liquor license holders only).<\/p>\n

Ms. Burns is also applying for P.P.P.\u00a0loan forgiveness<\/a>. \u201cMy loan was well below $50,000, so I can use that \u2018simplified\u2019 form that was recently released,\u201d she said. \u201cIt is still a complicated and daunting process.\u201d<\/p>\n

Read on The New York Times<\/strong><\/p>\n<\/div>\n