SCORE is committed to helping businesses like yours through the unprecedented challenges from the coronavirus outbreak.
While you may be facing uncertainty, there is one thing you can be certain of: SCORE is here for you.
More than ever, challenging times call for trusted business guidance and resources. We offer practical advice and insightful tips based on years of experience.
Our expert mentors offer free, personalized assistance to address the current crisis to help you adapt your business. Remote mentoring services are available via phone, email, video and chat. Find a mentor today.
In addition to free mentoring and online workshops, SCORE is collecting resources to answer your critical questions during the COVID-19 pandemic—and afterward.
Please check back frequently for updates as we are adding resources regularly.
How do I get financial support?
For many small businesses, financial support during the outbreak is critical. Loans, lines of credit, credit cards, crowdfunding and more can provide the funding needed.
The U.S. Small Business Administration (SBA) provides small business loans through their Economic Injury Disaster Loan Program (EIDL). The EIDL loans offer small businesses up to $2 million due to the COVID-19 pandemic.
The recently-passed Coronavirus Aid, Relief, and Economic Security (CARES) Act created major initiatives that will soon be available from the SBA and other governmental agencies.
Other funding sources and opportunities to rescue small businesses are mobilizing regularly. Here are some small business grants offered by SCORE partners.
- Nav: Small Business Grant Contest. Nav is giving grants to small businesses that tell a story of preservation and opportunity in the face of a past or ongoing challenge. Apply by May 30th
- Facebook: $100M in Grants for Small Businesses. Facebook is offering $100 million in grants to support over 30,000 small businesses in over 30 countries. Facebook will be accepting applications for grants in the coming weeks.
Below are more resources on how to get financing to run your business:
As the coronavirus ravages businesses, small business lenders are re-evaluating their underwriting policies. Here’s what every business owner needs to know. Read more
The Coronavirus Economic Impact: Will Business Interruption Insurance Help (& What Are My Other Options)?
The coronavirus outbreak will create serious financial hardship for small business owners. Here are some resources to help you keep your small business afloat. Read more
When your small business is facing a cash flow deficit, consider these five ways of obtaining cash quickly to keep your business moving. Read more
This guide will help you understand ten popular types of financing available to small businesses and which ones are appropriate for your business now. Read more
How can I manage cash flow to keep my business running?
Effectively managing cash flow is the cornerstone of healthy small businesses, even in the best of times. Whether it’s paying bills or purchasing needed supplies, cash flow can be a delicate balance between expenditures and cash reserves.
Read this blog if you are having trouble paying your bills due to a slowdown in revenues or higher than usual expenses related to COVID-19. Read more
How can I run my business online?
For businesses already doing business online, the impact of the coronavirus outbreak may be more of an expansion. For other businesses with little online presence before, the shift can be monumental. Moreover, social distancing requires businesses to be more flexible in work-at-home arrangements.
Are you thinking of starting an online store? Ecommerce sites are a great way to make money, but read these top things to think about BEFORE you launch. Read more
If you manage a remote team or are thinking of adding remote team members to your small business family, read on. Read more
With a few simple adjustments, you can make the quest for work-life balance a little easier for the team that keeps your small business running. Read more
How do I manage my anxiety through this unstable period?
Being a leader during a crisis calls for increased stress and shouldering more responsibility than ever. You need to strengthen your resiliency against coronavirus anxiety.
COVID-19 is dramatically shifting the routines of small business owners. What’s happens to our health, physical and mental, during this unprecedented crisis? Read more
It takes hard work to start and maintain any type of business, whether you work from home or a storefront. Here are some suggestions to keep you going. Read more
How do I close my business (temporarily or permanently)?
Closing your business, even temporarily, isn’t easy. In the wake of the coronavirus, many small businesses have to do just that. If your business needs to suspend business operations, there are a few guidelines to follow.
If you are currently in the process of ending the business’ operations, take care of these areas to ensure your business is officially terminated with the state. Read more
Exiting a business requires filing paperwork to officially dissolve your business with the state and taking care of other legal and financial formalities. Read more
Every business should have a buy-sell agreement from day one. It sets fair value for an individual's share in the company to prevent possible legal conflicts. Read more
Coronavirus Government Resources for Small Businesses
The Small Business Administration (SBA) has posted information regarding loan programs and guidance for businesses:
- Coronavirus (COVID-19): Small Business Guidance & Loan Resources
- SBA Disaster Assistance in Response to the Coronavirus (PDF)
- Asistencia de Desastre de la SBA en Respuesta al Coronavirus (PDF)
The U.S. Senate Committee on Small Business and Entrepreneurship created this guide about the new programs in the CARES Act that will soon be available to small businesses: The Small Business Owner's Guide to the CARES Act
The Centers for Disease Control & Prevention (CDC) has issued COVID-19 guidance for businesses: Resources for Business & Employers
The U.S. Chamber of Commerce has developed this resource for small businesses: Coronavirus Small Business Guide