On this episode, Bryce calls Ross Baird, Founder of Blueprint Local and Co-Founder of Village Capital, and John Lettieri, Co-Founder, President, and CEO of Economic Innovation Group (EIG) to talk about the implications of COVID-19. They discuss the economic impact the Coronavirus is having on employers, employees, and small businesses, the impact on the national and global economy, and the effect it is having on the mental state of, largely, everyone in the world. A pandemic like this causes everyone to step back and evaluate their priorities in order to make important decisions. Learn more on this episode of More Than Profit, COVID-19: Entrepreneurship And Small Business Support.
Resources:
The SBA provides low-interest disaster loans to help businesses and homeowners recover from declared disasters.
Get free business counseling and at-cost training from your SBDC.
Minority-owned firms seeking to penetrate new markets and growing in size and scale can access business experts at a MBDA Business Center.
Women Business Centers around the country are doing what they can to support small businesses owned by women.
Some municipalities, like Atlanta and Birmingham, are starting programs to support small businesses regionally.
WeFunder is giving up to $1M for startups tackling the Coronavirus Crisis as well as changing policies around revenue-based payments to defer until 2021.
PayPal Working Capital is a business loan of a fixed amount, with a single fixed fee. Automatic repayments are taken as a percentage of your daily sales. There are no periodic interest charges, late fees, pre-payment fees, penalty fees, or any other fees.
Case Center at Duke University has a searchable database for global, national and regional capital sources for for-profit and nonprofit entrepreneurs at risk due to COVID-19.
Mentioned: The Moral Meaning of the Plague – David Brooks
Mentioned: Tribe – Sebastian Younger
You can listen to this episode on Apple Podcasts, Spotify, Google, or wherever else you get your podcasts.