Read NFIB Oregon State Director Anthony Smith’s latest column in the Salem Business Journal
“For small businesses, the legislation provides 349 billion in partially forgivable small-business loans. That “forgivable” part is especially important. With so many businesses closed, either from lack of customers or by order of the governor, many find themselves so strapped for cash that they worry about their ability to pay back a loan, even one with a low interest rate. These forgivable loans would, in effect, operate more like grants for the businesses that qualify for them.
“Nearly every business will be eligible for one of these loans … But where does that leave the rest of us, the non-business-owning consumers? We have a huge roll to play, also—It’s to shop. Here are four simple things you can do to help our state, and our nation, turn the tide.
“Please don’t diminish their impact. A little thing done by one person might not mean much. A little thing done by millions of people makes an impact.”
So wrote Anthony Smith in his monthly column for the Salem Business Journal. He also discusses the loans available to keep small businesses afloat and what people should be aware of.
Click here to connect with the Salem Business Journal and scroll to Page 13 to read Smith’s article.
