covid 19 small business

Small businesses are the worst hit in the prevailing economic downturn triggered by the coronavirus (COVID-19) pandemic. If your business has been suffering in this situation, it is time to get proactive and think and act smart in order to emerge stronger from this challenge. 

Create a Cost-Effective Digital Advertising Strategy

At a time when many of your small business competitors are capitulating under fear and uncertainty, you need to reach out to thousands of potential customers that need your products and services. Get ready to devise a judiciously targeted digital advertising strategy that will deliver you maximized returns in the prevailing market conditions. 

Go ahead and set up a virtual meeting with a leading digital marketing and advertising company that has a proven track record and the resources to help you reach out to customers in a cost-effective manner. This is the time when many of your customers have a higher attention span and are highly receptive to attractive offers and deals.

coronavirus small businessA comprehensive, multi-pronged digital advertising strategy in this situation will set you up for explosive growth the moment the fog of the current coronavirus crisis clears, and the sun starts shining again. 

Maximize Your Benefits from SBA’s Financial Assistance Programs

In the prevailing economic situation, the federal and state governments are offering a number of relief programs and resources, including emergency government funding, business loan deferment, and protection from eviction.

The SBA (Small Business Administration) is offering various low-interest federal disaster loans to help small businesses meet their working capital needs, if they have suffered significant economic damage due to the Coronavirus (COVID-19) crisis. 

The SBA’s Economic Injury Disaster Loans are offering financial assistance of up to $2 million to help small businesses overcome the temporary revenue losses they may be experiencing. You can use these loans to pay your debts, accounts payable, payroll, and other bills. Small businesses will be charged an interest rate of 3.75% for these loans, while non-profits will come with an interest of 2.75%.

SBA loans come with long-term repayments so that you can pay them back in affordable installments extending for up to 30 years. Small business owners in any US state or territory are right now eligible to apply for these low-interest loans in the backdrop of the current COVID-19 situation. You may apply online for an SBA disaster loan or call 1‐800‐659‐2955 for assistance.

Lender and Corporate Financial Assistance Programs

A number of banks and other lending institutions are offering forbearance and deferment to business loan customers who are finding it difficult to make payments. You may search for your local bank on the A-Z list of the American Bankers Association for coronavirus response programs.

If you are a small business based in Bellevue, Washington or the Regrade and South Lake Union neighborhoods of Seattle, you can apply online to obtain a grant from a $5 million fund set up by Amazon. If your small business has no more than 50 employees and your annual revenues are no more than $7 million, you may qualify for this grant.

digital advertisingFacebook has also launched its Small Business Grants program and has committed to providing up to 30,000 small businesses with cash grants and Facebook advertising credits to the tune of $100 million.

NLM Is Your Trusted Digital Advertising Specialist

At Next Level Marketing, we have a full suite of digital advertising experts who are certified and experienced in Google Ads, Amazon Ads, Bing Ads, Facebook Ads, Google Analytics, and a majority of other paid platforms. 

Our pinpoint-targeted, dynamic digital ad strategies are the perfect antidote to reaching out to the clients who want your products and services, even amidst these direst of circumstances.

Beyond PPC alone, our team has the marketing solutions to surviving this tumultuous time. Fill out this online form (also at the top of the page) or call 1-844-SEM-NEXT to learn how we can take your business to the next level of success.

 

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