This provision would provide a refundable payroll tax credit for 50 percent of wages paid by eligible employers to certain employees during the COVID-19 crisis. The credit is available to employers, including non-profits, whose operations have been fully or partially suspended as a result of a government order limiting commerce, travel or group meetings. The credit is also provided to employers who have experienced a greater than 50 percent reduction in quarterly receipts, measured on a year-over-year basis.

If you, like many small business owners, need a business counselor to help guide you through this uncertain time, you can turn to your local Small Business Development Center (SBDC), Women’s Business Center (WBC), or SCORE mentorship chapter. These resource partners, and the associations that represent them, will receive additional funds to expand their reach and better support small business owners with counseling and up-to-date information regarding COVID-19. There will soon be a joint platform that consolidates information and resources related to COVID-19 in order to provide consistent, timely information to small businesses.

In light of COVID-19, we’re all experiencing the same unnerving sense of urgency and uncertainty. There are hard decisions that are being made every day, and for catering companies, this may even feel like a death sentence for some.

Although it’s easier said than done, this is time where community matters and perseverance is crucial. So, as event are being cancelled, postponed, and business continues to be scarce, we wanted to offer you a survival guide. Here are 3 top things that you should be doing right now to help you weather this storm.

The U.S. Small Business Administration (SBA) will provide disaster assistance loans for small businesses impacted by COVID-19.

These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance for a small business.