Small Business Loans from the Government to Drive Economic Recovery

Small Business Loans from the Government to Drive Economic Recovery

As we slowly begin to come out of pandemic mode and states start to reopen, it is going to fall more and more upon government at both the state and federal level to help drive recovery. Certainly, this was an unprecedented worldwide crisis, the likes of which most of us have never experienced. Just as the stay in place orders and quarantine represented realities that we had to come together to figure out how to navigate, recovery is yet another portion of this that we will once again need to figure out how to navigate together.

With the pandemic receding in some areas, governments are having to balance any potential health risks with a need to stimulate a flagging economy. Both state and federal entities are having to provide guidelines regarding what can and cannot be done. They are having to keep pretty much constant communication with businesses that otherwise are in the dark regarding their roles and requirements. There are more challenges to come and the US governing bodies need to be prepared to deal with them.

Balancing Health and the Economy

The key is to get the economy back up and running and yet avoid any spike. This is proving trickier than most state governors anticipated. An open economy means that people will gather, at work, at restaurants, recreational venues, stores, you name it. Therefore, what the government has seen become its new role is one of the monitors in many ways: they have to carefully watch over the level of activity in conjunction with the numbers coming back from various health organizations.

Each state government is essentially devising its own set of criteria for determining what can open when and how many can visit any one venue at a given time. Such numbers as hospitalizations, new cases identified, and deaths are all factoring into the decision making process. Governments are also finding that they have to discover new ways to fast track testing, beef up contact tracing programs as well as search for that much-needed vaccine of course.

Boosting Their Economies

Most are well aware that simply reopening isn't going to bring the economy back to what it was before the pandemic. Again, another role of governments, to figure out how exactly to boost state economies and start moving toward some form of normalcy. Many workers are still laid off. Many small businesses are still closed and may not be able to open back up. The government here has to act as a lifeline for numerous individuals and businesses. From stimulating more job creation to strategically spending where their economies need it most, the government has no choice but to step in at this juncture.

First Union Lending is here to help! If your business requires additional cash as you seek to get things back up and running, we can assist you in finding the perfect loan program for your company. This has been a difficult time for everyone, and as the country looks to get back on track, know that we are all in this together.

Becky: Hi! Let's find the best loan option for you

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First Union Lending LLC is a dually licensed Lender/Broker with its main offices located at 4900 Millenia Blvd First Floor Orlando, FL 32839. First Union Lending LLC and its ads are meant for continental United States, including Alaska and Hawaii small business owners. Business Loans offered by First Union Lending LLC have varying rates and terms that can range from 30 - 120 payments and all rates and terms are based on eligibility of the business and its owners. The actual terms are based on credit, business history, industry, amount and terms. As an example, a $5,000 loan paid over 5 years at 8% would have a total repayment of $6,082.92 over the life of the loan. We use the latest encryption to protect sensitive information transmitted online, as well as run our own secure server network to ensure your information is protected offline as well. California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through VBJ Consulting, LLC, a licensed finance lender/broker, California Financing Law License No. CFL#60DBO78163

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