As St. Petersburg navigates COVID-19, Grow Smarter wants to help build connections to resources. Today we’re featuring a few that can benefit small businesses.
Smaller businesses with hourly employees, like those in accommodations and food services, which make up approximately 14% of St. Pete’s job economy. They are especially susceptible to the economic impact of COVID-19.
Here are 4 quick things small businesses in St. Petersburg can do to prepare for the economic uncertainty. Please also refer to our partners, the Greenhouse and the St. Pete Chamber, for resource webpages that will be regularly updated with information.
1. Fill out the Florida Business Damage Assessment Survey
- This brief survey asks questions including business identification, revenue loss, physical damage, insurance status, and other key factors that impact business operations.
- This survey will help the state better understand the help your business needs, which is crucial to distributing disaster funds as quickly as possible.
2. Consider Applying for the Florida Small Business Emergency Bridge Loan
- Businesses can qualify for loans up to $50,000 with 0% interest.
- Must have 2 or more employees and have existed prior to March 9th, 2020.
- Find more info HERE
3. Keep an eye on the Small Business Administration’s Economic Injury Disaster Program
- As of March 17th, 2020, Florida businesses do not yet qualify because the state has yet to be a confirmed disaster zone due to COVID-19.
- This program offers low-interest loans for up to $2 million for lost revenue.
- Regularly check this status HERE
4. Check out the Small Business Administration’s Guidance and Loan Resources