Organizations busy helping small businesses weather economic tough times
Countless small businesses across the Roanoke region are turning to the government for help as they figure out how they can weather the economic devastation caused by the coronavirus outbreak.
Legislators and groups that help businesses have been busy talking to business owners about the various options the federal government is offering under the $2 trillion relief package signed into law last month.
“We’re dealing with business owners who are very fearful because they’re closing or fearful whether they’ll be able to stay open,” said Amanda Forrester, director of the Roanoke Regional Small Business Development Center. “We’re used to being able to see down the road, but we can’t see into the future right now.”
Many businesses are looking at loans available through the rescue plan from Congress as a way to pay their bills and keep employees on payroll so they can stay afloat while their doors are closed or only able to do minimal business. Because the offerings have various stipulations and different eligibility requirements, organizations like the Roanoke Regional Small Business Development Center are helping the business owners figure out what they qualify for and how to access money.
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