Business Owners – this is for you!

The Mettise Group will be posting daily updates on strategy, resources and financial management to assist in working through our current challenges. 

The Small Business Administration (SBA) is currently coordinating with the Governor’s Office to provide working capital loans up to $2 million. The interest rate is 3.75% for small businesses and 2.75% for nonprofits with a maximum amortization period of 30 years. Start gathering your expenditures and cash flow impact now so you will be ready to apply. Applications will be available soon at

Congress’s emergency coronavirus bill (Emergency Families First Coronavirus Response Act) has passed the House and is waiting on the Senate. The current provisions include free testing, expanded family and medical leave, paid emergency sick leave, unemployment benefits and food assistance. We will update you with more details about the actual provisions when the legislation passes and the President signs. 

Business interruption insurance is typically provided in your business owner or commercial property insurance. However, viruses and bacteria are commonly excluded. Please speak with your commercial insurance agent regarding any potential coverage.

Now is the time to check in with your banker and consider increasing your current line of credit to assist in covering cash flow issues during this crisis. Additionally, negotiate delaying or reducing your current debt obligations for 6 months.

Upcoming posts will include cash flow management strategies, employee issues, selling strategies and leadership. Stay tuned.

Exceptional leadership will get us through this extraordinary time. If you have any questions or need additional resources, please contact us at