COVID-19 RAPID RECOVERY
COVID-19 RAPID RECOVERY
First Community Capital approach to navigating these unprecedented times and providing continuous support to your business.
First Community Capital approach to navigating these unprecedented times and providing continuous support to your business.
Take Action: Small Business Resources
The rapidly developing COVID-19 pandemic means it’s hard to know where to act and what to do as a business to get through these times. So we took a look at what COVID-19 business actions other companies are enacting in response to the ongoing situation and pulled together key learnings for you and your business.
QUESTIONS ABOUT LOAN DEFERMENT OPTIONS:
If you haven’t yet, we encourage you to communicate with your bankers and ask what assistance options you may have in the coming weeks and months. Since guidance is changing day today, it’s a good idea to check back from time to time.
Many banks offer deferment and forbearance to business loan customers having trouble making payments. Search for your bank on the American Bankers Association’s ongoing A-Z list of coronavirus response programs, and check Forbes’ list of banks offering relief as well.
SMALL BUSINESS EMERGENCY LOANS GUIDES AND CHECKLIST FROM U.S. CHAMBER OF COMMERCE:
BUSINESS PLANNING:
Have you covered all your bases? Check out this Crisis Response Plan template and read an example business response summary as well as SBA guidance on preparing for emergencies or pausing your business.
LaunchTN has also compiled this useful guide to Tennessee online events for business planning – they start this week – and resources for businesses dealing with COVID19 impacts.
EMPLOYER, EMPLOYEE, AND JOB IMPACTS:
TRANSITIONING TO REMOTE WORK:
COMMUNITY RESPONSE:
