COVID-19 Has Proved That All Businesses Need a Backup Plan. Here's How to Put Yours in Place

It's estimated that more than 100,000 small businesses have permanently closed their doors in the wake of COVID-19, and many more have no doubt come close. Thankfully, there's been some relief for small businesses during the ongoing crisis and recession. Paycheck Protection Program loans, for example, have been instrumental in helping companies retain staff and prevent layoffs, while Economic Injury Disaster Loans have been a lifeline for businesses that needed money to keep up with their expenses and financial obligations.