COVID 19 EFFECTS ON BUSINESS

YOUR BUSINESS IMPACTED BY COVID 19?

It’s no secret that the Covid 19 virus has had an enormous impact on the business world, especially here in the United States.  Businesses of all kinds have had to quickly develop solutions to try and minimize the spread and remain open at the same time.  Many companies have had to reduce their staff leaving many without a steady income.  Restaurants have had to make major adjustments to stay open including developing alternatives to seated dining which has caused them to incur more costs while revenue has declined.  The Covid 19 effects on business ranges from permanent closings to having employees work remotely.

BUSINESS IN THE US

The majority of businesses in the United States are small, but they employ approximately half of the people working in the country.   Most small businesses have only one location and can’t withstand the lack of cashflow for a month or longer and may have to close the doors permanently.  Many have already.  Some businesses have actually prospered because of the pandemic.  For example, those companies that make signs have prospered due to the demand for signage regarding the Covid 19 virus.   New signs are all around us giving instructions about using caution, washing hands and instructions on where to stand or form a line.  Companies that clean up and disinfect are also very busy.  Then there are the companies that make those masks we must wear when go outside. A few are profiting while most are not.

BUSINESS FUNDING

While the virus continues to spread throughout the U.S. and more and more people are infected, the impact on business has been for the most part negative.  Revenue for most has declined and some employees have been let go.  While the government has stepped in with legislation to pump up the economy and keep some businesses afloat, many have shuttered the doors.  Some have had to search for alternate funding to sustain the business and cover normal operating costs.

David Allen Capital, Inc. has helped many companies sustain their business during this crisis with several programs.  Need funding?  The company offers funding from $10,000 up to $1 million dollars without providing collateral.  Your business cashflow is primarily what qualifies you for funding.

If your business processes credit cards there is a program to eliminate up to 95% of the fees you normally pay.  For some companies that could result in thousands of dollars in savings yearly.

Need healthcare?  David Allen Capital, Inc. offers healthcare with no deductibles!  That’s right.  You and your employees can benefit from coverage on the very first day.  Click the link for more info:  Healthcare

Brand new is the program that allows businesses to borrow up to $150,000 at a low 3.75% interest rate and no payments are required for the first 12 months.  To check the qualifications and apply click here the link here.  $150,000

SUMMARY

The Covid 19 virus is making a major impact on businesses and employees in the United States and around the world.  Unemployment is up and business revenue is down.  Businesses are learning to be adaptive and creative in order to survive and thrive in this economy.  Some are open less hours, while others simply let some of their employees go or cut their hours.  Seeking funding from banks has not been effective for most.  However, alternate funding sources such as David Allen Capital, Inc. has been a life saver for some companies.  Quick decisions and over 40 different lenders compete to provide the best financing for businesses around the nation.  David Allen Capital