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What do you do if you’re a small business and you can’t pay rent this month due to COVID-19? What do you do if you’re a landlord and you need those rents coming in?
On this morning’s WJR Business Beat, Jeff offers advice to any small business owner struggling to pay his or her rent this month:
- Apply for the various disaster relief programs available to you. If you’re unsure how to do this, check out Automation Alley’s webinar for tips
- Apply for an economic injury disaster loan, also known as an EIDL, at sba.gov
- Communicate directly with your landlord
Business owners are not alone; if you’re a landlord, you’re also likely struggling.
Let’s take a listen to how top real estate broker, Renee Acho, is handling this with her tenants:
“If you as a small business owner or a landlord of a commercial building and you have just been provided release to your company, you then can offer that to your tenant. That’s what we’re doing. We are actually providing free rents for the next month to our associates because our landlord was able to provide that to us as a result of what he’s being offered from the SBA loans.”
– Renee Acho
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