What to do if you are laid off or unemployed. What to do if you can't make your rent or mortgage payment. What to do with your 401(k) or retirement savings. How to determine whether you can get paid sick leave. How small business owners can get help.
Often called the backbone of the economy, small business owners areto economic downturns like the ongoing crisis. A number of government agencies at the national and local level, as well as a series of private sector investors, have stepped in to offer assistance.
The agency says the loans can be used to help with payroll, bills and pay fixed debts. For small businesses without credit available elsewhere, the interest rate is 3.75%, and long-term repayment plans for up to 30 years are available, according to theA sign is seen in the window of a clothing store closed due to the novel coronavirus outbreak in Washington, D.C., on March 18, 2020.
"The best thing to do is nothing," Greg McBride, the chief investment officer at Bankrate, told ABC News."The risk is that you make any decision based on short-term volatility that has long-term ramifications on your financial health." "With stocks having fallen so sharply, and bonds having done reasonably well, it might have thrown your initial investment mix out of whack," he said.
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