The spread of COVID-19 (coronavirus) has left many salon owners scrambling as they deal with changing state and federal guidelines and employee concerns while strategizing ways to maintain revenue streams. Many SuperSalon customers have been impacted by mandatory shutdown from their state and local government. For those customers, we have compiled a list of resources available as they look for ways to take care of their families, employees, and business.
State and Federal Government Resources:
US Small Business Administration (SBA): The Federal government is offering up to $2 million dollars in low interest loans for working capital through the SBA to any business that is significantly impacted by the COVID-19 crisis. Currently small business owners in all 50 states and US territories are eligible to apply for these loans, and the overview is on their website.
Department of Labor: The Department of Labor website provides an extensive overview on how businesses can keep their customers safe from COVID-19 once their doors re-open. This includes OSHA guidelines on how to prepare your salon, along with prevention information for you and your staff.
Families First Coronavirus Response Act (FFCRA): The Department of Labor gives a summary of the benefits made available by legislation that was signed into law on March 18, 2020. These benefits help employees that are unable to work due to extended sick leave, quarantine, or the need to take care of a family member.
Unemployment benefits: The Federal government is allowing states to amend their unemployment options due to the number of workers that are displaced by COVID-19. Owners can see what options are available in their state by searching here.
Insurance coverage: While not all insurance policies offer a remedy for unexpected business interruption, there are several property insurance plans that do provide coverage. Hensen Efron provides a good overview of the different types of coverage that may be available to owners here. One of the key points they outline is to document all losses and notify their insurer promptly if coverage does exist. Failure to notify in a timely fashion could result in delays or litigation.
Intuit Quickbooks: The team at Intuit has put together a resource center for small business owners with resources for financial planning, boosting morale, and virtual events. You can also organize or support fundraisers for small business owners through their website.
Private Company Resources
A number of large corporations have created funds and grant programs to businesses that have been impacted by the COVID-19 outbreak. Companies like Facebook have rolled out a grant program to help with rent costs and customer engagement, while Yelp has partnered with GoFundMe to establish a program that allows independent businesses to accept fundraisers through their business page.
Forbes has a great breakdown of other private company resources from other companies including Amazon, JP Morgan, and Mainvest in this article.
We will continue to update this page as additional resources become available. If you are aware of a program, grant, or benefit that could help other stylists, feel free to reach out to email@example.com, and we will be happy to add your page to the list.
Canada’s COVID-19 Response and Economic Plan: The Canadian government has created several programs for businesses including an emergency wage subsidy, access to credit, and more. The Canadian Chamber of Commerce also provides a list of resources available from the government and private companies.