Those stay at home orders now in place in Ohio and in Michigan, are really impacting small businesses and local restaurants.
A Toledo CPA is working to helping out those business owners who are being impacted.
“Stay calm and think through whatever actions are going to take,” said Tom Baird, CPA at ToledoCPA.
"Take action" is the advice that Baird is recommending small business owners to do. While many businesses are closing down due the coronavirus, Baird is helping them apply for loans, all while practicing social distancing.
"We’ll teleconference with you, help you are as much as we can,” said Baird.
He explained that they’re multiple websites that can help you request loans during this time of uncertainty, one of them is SBA.gov. Individuals can apply for disaster assistance loans.
"You're gonna need some information and tax return tax returns, those type things if you haven't filed a tax return before you're probably not gonna get a loan," added Barid.
For those who are wondering, 3.75% is the interest rate for these long-term loans.
"Low interest though compared to you would've paid if you weren't part of the part of the disaster area," said Baird.
You can apply for these loans from home but if you need assistance, Toledo CPA is located on north Reynolds Road to help out.
"We'll do a drive-by right here in our parking lot where they stick their stuff in the trunk. They can pop the trunk, we'll get their stuff out and we're doing a lot of teleconferences," added Baird.
If you are unemployed due to the COVID-19 pandemic and you can find more assistance here.