Support local small businesses and Don’t Panic if you are a small business owner yourself. This will get better. If you had a viable business before the pandemic, you will have a successful business again. Take advantage of the government subsidies available and do your best to work with your current creditors (like your commercial landlord). Most creditors are not pursuing collections or have active “stand still” policies in place. And the courts are closed to all but emergency applications, so legal actions cannot be pursued through the courts. And once things start to get better, there are formal debt repayment programs which will allow business ( and people) to only have to pay a small portions of their debts back while keeping the business going.
Stay strong – shop local.