Apply for as Many State and Federal Assistance Programs as You Can
Many Small Businesses Are Relying on Credit Cards: Should You?
disasters/coronavirus/economic). The government also began accepting applications for disaster loan assistance for small businesses. If you fill out this application, make sure you follow the instructions precisely to avoid an application delay. Another state resource, Florida Disaster Biz (FloridaDisaster.biz), is worth looking at if your small business is currently struggling. This website may help determine which loans are available to you and what you can do other than dip into your savings or use a personal credit card.
A new CreditCards.com poll paints a bleak picture for small business owners struggling during COVID-19. The survey finds that 35% of small-business owners in the U.S. are using personal credit cards and savings to stay afloat. The survey finds that 7 out of 10 business owners have used a PPP loan, personal credit cards, or business savings (or a combination of all three) to stay in business. A full 32% of poll respondents said that they need help from customers to stay in business this year, and many are making pleas to the public for help.
Our Thoughts on Using Credit Cards to Bridge Gaps
Help for Florida Business
Once you begin using a credit card to keep your business alive, it’s hard to stop. If there’s no relief in sight, no loans or help that you can apply for, and your business is struggling monthly, using a card will mean a large bill you cannot pay at the end of the day. It’s undetermined how long COVID-19 will last and whether or not we will go back to any kind of previous “normal.” What can you do in the meantime? Try to apply for as many state and federal assistance programs as you can. Put in the time to make sure your paperwork is filed correctly and do as much research as you need to find bridge loans that will help. If your business is struggling beyond the point of no return, we suggest that you cut your losses (as hard as that is — and believe us, we understand) and close your doors.
The state of Florida has created a survey (FloridaDisaster. biz/BusinessDamageAssessments) for small-business owners that will help the state track the need for funding and other government help. The survey notes that any struggling business should register with FEMA (DisasterAssistance.gov) for assistance. A portion of the study details the types of loans available now (or in the future) for small-business owners. At present, the two areas in Florida that have been declared for individual assistance include Jackson and Leon. Residents in other areas are still encouraged to fill out the state survey to obtain help available on the state level. When we tested the FEMA form for the two counties listed in Florida, we did not see any additional forms.
We did find some more information about local business help through the federal government on this site (FEMA.gov/
Testimonial Our Clients Say It Best
“I would most highly recommend Dellutri Law Group for various reasons: Their compassion, kindness, and concern were unmatched after my extremely serious, near-fatal car accident. Ms. Amanda Downing, one of the partners, worked very closely with me from beginning to end. I knew that Amanda had my best interests at heart. Every time I called into the office, the pleasant and well-informed staff members were a pleasure to deal with. Nathalie Olivo is Ms. Amanda’s legal assistant, and despite having limited personal dealings with her myself, I was told that she worked tirelessly behind the scenes as did many others, such as the lovely Lidiana Gongora …, enabling me to focus on my recovery and attend my surgeon and doctor appointments, which were also of utmost importance. Mention must be made of the very special Casey Byrus with her gentile Southern manners (assisting me out of my vehicle into my walker and then returning me safely back into it!!). Casey is also very gracious and amiable, like Lidiana. Last, but certainly not least, I have to express what a true delight it was to always hear the happiest voice ever, that of Nicholas Paul, over the phone. His phone skills are unmatched. And then to meet him in person, well, that truly made my day after a long, grueling recovery!! He’s definitely an asset to the firm. Yet ALL the employees in their own way are welcoming, well-trained, and fine people. I will be recommending Dellutri Law Group for many, many years to come. I feel blessed to have been one of their clients! Thank you .” –A.B.
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