All of us wake up today to face a new reality. While all scientific evidence indicates that isolation and “social distancing” are the best course to try and minimize the impact of the Covid-19 virus, it is also clear that economic fallout is inevitable. In an effort to mitigate the economic impact and support those among us who are hardest hit, government at all levels are mobilizing.
There is a website https://www.benefits.gov/, that serves as an online resource to provide information across multiple Federal agencies. This should likely be the first stop for any individual or small business for information on how to find assistance from the US government.
The US Small Business Administration also has established online access to their disaster loan assistance programs. This information can be found at https://disasterloan.sba.gov/ela/.
In addition to Federal resources, state and local governments are also providing information and links to emergency resources. It will likely be helpful to reach out to the economic development authority for your state, county or city to determine what additional relief that your business is qualified to receive.
We at Thompson Greenspon are doing our best in light of these unprecedented events to stay well informed on the Government response and stimulus efforts.
Eric Fletcher, CPA
Eric Fletcher, CPA, leads Thompson Greenspon’s Private Client Services practice and has more than 30 years of experience helping closely-held businesses, high-earning professionals, and multigenerational family groups. He partners with clients over decades, taking time to understand their values, family dynamics, business priorities, and long-term goals so planning stays practical, coordinated, and focused on what matters most. Eric helps clients align tax strategy with business decisions, estate planning, and legacy priorities to preserve wealth, support continuity, and plan confidently across generations.