In a video from the Brazos Valley Small Business Development Center at Bryan College, director Jim Pillans discusses the different options business owners have to stay open.
The SBDC Business Specialists are here to help you navigate COVID-19 and the challenges put on your business. Specialist Doug Mansfield specializes in search engine optimization and marketing.
📅 Schedule an appointment today! https://t.co/WzXonZZ2wl pic.twitter.com/fjbN9pptXH
— Univ. of Houston Texas Gulf Coast SBDC Network (@UHSBDC) August 12, 2020
Recommendations include asking suppliers to extend payment due dates, evaluating financial records to see if there are any expenses you can eliminate, and exploring what other products or services you're able to offer.
READ ALSO: When could unemployed Texans start to receive extra $400?
"Small business owners are pretty creative and pretty optimistic, and if there's a way to get through there, they're going to find a way to do it," Pillans said.
He also said some business owners may qualify for the Small Business Administration (SBA) 504 refinance program and use up to 20% of the appraised value for business cash.
The SBA offers several free resources for businesses needing help, including a guide on how to apply for an Economic Injury Disaster loan.
READ ALSO: COVID-19 bankruptcies sparking concern among workers and shoppers
If you're a business owner and would like to explore these options, visit the SBA's website.
Copyright © 2020 KTRK-TV. All Rights Reserved.
"danger" - Google News
August 13, 2020 at 08:49AM
https://ift.tt/3gViSwn
Coronavirus help: What small businesses can do if they're in danger of closing - KTRK-TV
"danger" - Google News
https://ift.tt/3bVUlF0
https://ift.tt/3f9EULr
No comments:
Post a Comment