Businesses in the region may be negatively impacted as more people practice social distancing and a steady stream of profit-generating events are canceled as a response to COVID-19.
While there have been no confirmed cases of the coronavirus in Wilmington, the region joins the rest of the state, nation and world with preparations to combat its spread.
Here are some resources for small businesses impacted by COVID-19.
The
U.S. Small Business Administration is offering designated states low-interest loans for small businesses and nonprofits that have been impacted by the coronavirus, according to the SBA website.
As part of the Economic Injury Disaster Loan Program, the SBA can offer small business with loans of up to $2 million to help them overcome temporary loss of revenue.
The money can be used to pay fixed debts, payroll, accounts payable and other bills. The interest rate for small businesses is 3.75% and 2.75% for nonprofits.
The SBA is working to coordinate with state governors to submit a request for Economic Injury Disaster Loan assistance, after which a declaration will be made for designated areas within a state.
North Carolina is not currently a designated area, but if it is, applications can be submitted
here.
For more information, call 1-800-659-2955 or email
[email protected].
The
Centers for Disease Control has interim guidance for businesses and employers to plan, prepare and respond to coronavirus.
Employers should prevent stigma and discrimination by not making determinations of risk based on race or country of origin, according to the guidelines. They should also ensure confidentiality among patients with confirmed COVID-19.
The CDC includes recommendations employers can take now, including encouraging sick workers to stay some, separating sick workers, emphasizing hygiene, performing routine environmental cleaning and advising steps to take when traveling. There is also information on planning for a possible outbreak of coronavirus in the country and recommendations for creating an infectious disease outbreak response plan.
The U.S. Chamber of Commerce has a “
Coronavirus Response Toolkit” with shareable graphics including information on keeping commercial establishments safe. It also includes a "Business Preparedness Checklist” with info on prioritizing critical operations, preparing for school closings, creating a communication plan, establishing teleworking policies and coordinating with state and local health officials.
Facebook has launched a
Business Resource Hub to help businesses manage through the emerging coronavirus.
The hub has quick tips, guides, including a business resilience toolkit and quick action guide. There is also a course on how to support customers and minimize business disruption and the option to connect with similar businesses in a Facebook group to discuss tips and practices.
The Food Industry Association has a “
Coronavirus and Pandemic Preparedness for the Industry” document to help food retailers, wholesalers and suppliers plan for pandemics.
The
National Restaurant Association also has information and resources for the restaurant industry including how restaurants are responding, what steps restaurants can take, products for disinfecting, and supply chain impacts.
