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The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Eligible small businesses and nonprofits may apply online here.
According to the SBA, the turn around time between submitting your application and cash in hand is about 30 days, so business owners are encouraged to apply as soon as possible. There is no cost to apply. More information and application tips are available on our website here.
By digitally signing up below, YOU PLEDGE to show your strongest support of our local-independent businesses. YOU PLEDGE to support your local farmers, fishermen, ranchers and purveyors. You pledge to support your local retailers, restaurants, service providers and artists. Our local businesses need us now more than EVER. There is power in our daily decisions - power to make or break our neighbors’ businesses. While we are all "social distancing," there are still many safe ways to show our support. From online orders, curb-side pickups, gift certificate orders for later use, and more.Our local businesses are sharing how we can best continue to support them and we’re putting it all in one easy-to-use website. Visit buylocalchs.com and browse by category or business profile.
Let’s take care of each other! Lowcountry Local First is organizing a list of ways our local businesses are pivoting their service offerings due to the impacts of COVID-19. We are dedicating our "airwaves" to this messaging until things improve.Tell us what you are doing to help get your products or services safely to your customers. Perhaps you offer delivery or online shipping, curb-side service, extra in-store precautions, FaceTime shopping, gift cards, etc.Let us know, so we can help let our community know!
To safeguard against the spread of COVID-19 and address the increase of confirmed cases across the nation and in South Carolina, Mount Pleasant Mayor Will Haynie is amending his March 16 Emergency Proclamation and further restricting public gatherings and community events from 50 people to 10 persons or less.
Call Congress with this simple message: The federal government must respond quickly and aggressively to keep small businesses solvent through the crisis. Small businesses need grants and subsidies. Loans alone will leave many small businesses crippled by debt and at risk of failure. Find your representatives.