Today marks the beginning of Mayor John Cooper’s “Safer at Home” order, lasting fourteen days and subject to extension. This is an unprecedented moment for small businesses in Nashville, and a time that small business owners are scrambling to understand what kinds of business they’re allowed to conduct, how to avoid asset loss and how to take care of their hourly employees. We don’t have all of the answers, but we are here to help you through this time. Below are a few resources and updates intended to mitigate the impact and ease your mind.
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Restaurants offering delivery or takeout are still allowed to operate. Consider converting your business model to these processes in order to keep your staff employed and ensure you do not lose your inventory of perishable foods.
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NES has suspended power disconnections through May 31st. They are also waiving late fees and absorbing credit card fees.
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Metro Water Services has suspended cut-offs during the month of March.
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Broadband providers have announced how they’ll ensure continuity of services during this time of need.
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Governor Bill Lee submitted a request for Economic Injury Disaster Loan Assistance to the Small Business Association. Small businesses in TN are now able to apply for up to $2 million in disaster loan assistance.
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The Department of Labor & Workforce Development has compiled resources for employees and employers of small businesses facing closure or partial closure. Employer information can be found here. Employee information can be found here.
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The CDC has released interim guidance for businesses to plan & respond to Coronavirus here.
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Text-to-buy services allow strictly brick & mortar retail businesses to quickly convert their sales through SMS messaging where customers can text a number and speak to an employee who will ship or deliver orders. Many businesses have also been using their Instagram to drive purchasing.
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If you have business insurance, now is the time to check your policy. See if it includes business interruption insurance, which covers the loss of income businesses may suffer after a disaster. Coverage varies by policy.
Interested in donating to curb the financial burden that Small Businesses in Middle Tennessee are facing? Below are organizations accepting donations:
