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Indianapolis Mayor urges small businesses affected by COVID-19 to reach out for help

Hundreds of small businesses in Marion county are being forced to close because of the COVID-19 pandemic.
The businesses are missing out on potential convention business and traffic from now-canceled sporting events. Indianapolis Business News
Indianapolis Mayor Joe Hogsett believes it could potentially add up to hundreds of millions of dollars in losses. That’s why he and the Chamber of Commerce is encouraging business owners to reach out for help.

U.S Business Economy in Disaster

The Indy Chamber’s Business Ownership Initiative is pivoting its focus toward emergency assistance for small businesses. The agency is doing this through free one-on-one business coaching and access to current and anticipated loan capital programs, helping guide entrepreneurs and small business owners through the uncertainty this pandemic has caused. Indianapolis Business News
The Indy Chamber also issued guidance related to anticipated federal aid through the U.S. Small Business Administration’s Economic Injury Disaster Loan program.

Small Businesses Affected by COVID-19

The chamber says these loans have been used in the previous disaster circumstances to provide small businesses, agricultural cooperatives, and nonprofits affected by the disaster with loans to meet working capital needs or normal business operating expenses through the recovery period.
People impacted by the pandemic outbreak can visit the city’s COVID-19 Resource Guide to get connected with community resources. Indianapolis Press Release Distribution Service

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