Louisiana SBDC helping businesses struggling in phase two with budget plans
MONROE, La. (KNOE) -Louisiana has now been in phase two of reopenings for three weeks, and the Louisiana Small Business Development Center is helping struggling businesses.
Even though most businesses have reopened at 50 percent capacity amid the coronavirus pandemic, many still aren’t making enough money to cover their expenses.
Places like restaurants are adjusting with takeout and drive-through services. Daycare businesses are having a harder time because many parents are homeschooling their children.
The Louisiana Small Business Development Center is working with small business owners to develop a budget plan. They offer free consultations to business owners to help them decide their next move.
“For a lot of small business owners, their business is their life. And so it becomes very personal and emotional. And sometimes just having an objective person to talk to, helps,” said state director Carla Holland.
Holland said many business owners are taking advantage of the Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program Loan. But for some, that’s not enough. Holland advises her clients to offer online services to sustain services.
One business owner has been doing just that. Virtual math tutor Paul Caliste said he struggled to maintain clientele at the beginning of the pandemic, but now the summer is looking promising.
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