Many fitness, wellness and beauty businesses across the US and around the world are being ordered to shutter their doors during the COVID-19 pandemic. These mandates can rightfully cause worry for many small business owners that rely on consistent clientele for consistent revenue. While there are still many uncertainties surrounding the impact of COVID-19 on the global wellness community, there are immediate steps that you can take in relation to your finances.
Know your resources
This Small Business Administration (SBA) resource page provides a bevy of information on economic injury disaster loan programs, local counseling, and guidance for managing your team members during this time of transition.
Stay abreast on local legislation
Some local constituencies are taking swift action to try and protect their local businesses. Whether through expediting small business loans or declaring emergency moratoriums on rental evictions for commercial leases, there are a variety of bills being passed that may apply to your circumstances.
