POLARIS LAW GROUP

1715 Iron Horse Drive, Suite 250

Longmont, CO 80501

(303)-557-6488

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​​​​© 2018 by Polaris Law Group

COVID -19 Resources

Here is a list of resources for businesses during this time. We will update this over the coming weeks. Please call our office with questions.

 

  • SBA Resources

  • Common issues small businesses may encounter + proposed ways to help

    • Capital access

      • Can get credit – banks and private lenders

      • Can get loans – SBA

      • Can’t get loans - FEMA

    • Workforce capacity

      • Go remote if possible

      • Prepare for possible increase in employee absences

        • Cross train personnel

        • Have backup shifts in case of absenteeism

      • Work in shifts to decrease potential exposure

    • Inventory and Supply Chain Shortfalls

      • Potentially diversify distributor sources

    • Facility Remediation/Clean-up Costs

    • Insurance Coverage Issues

      • Contact insurance agent to review policy

      • Apply for SBA loans before you get the insurance claim, so you don’t miss the opportunity (per SBA)

    • Changing Market Demand

      • SBA’s Resources Partners and District Offices – can help craft a plan to navigate rapid changes in demand

    • Marketing

      • Communicate with customers on the status of operations, protective measures, how customers and staff are protected, promotions to incentivize customers

    • Plan

      • Bring staff together to talk about concerns and prepare a plan for if the situation worsens or improves

      • Ensure their plan if flexible

      • Do focused discussions/exercises to find gaps in plan that can be corrected ahead of time