I know, it's a weird title, but Tardigrades aka water bears are considered by most, to be the most adaptable living organism on the earth. When the economy hits a speed bump, like it is now because of the coronavirus, those who can adapt are the ones who survive and ultimately thrive.

This episode covers some important topics to help Owner Operators and smaller fleets survive a bumpy economy. Here is how the episode is laid out:

1. Background

There are two main programs to help small businesses:

1. Paycheck Protection Program Loans - Loans mainly focused on providing companies with loans to help continue to pay employees and cover some of the basic business expenses

The SBA (Small Business Administration) is the best resource for information about these programs. You can find your local office by clicking here. Your local bank is also a good resource.

A lot of good information can be found right on the SBA website by clicking here. You can apply for the Economic Injury Disaster Loan right from the SBA's website. I applied for that loan for Haulin Assets, it took me about 20 minutes.

Make sure you know your total revenue and cost of good sold for the 12 months prior to January 31, 2020. Your cost of goods sold, in trucking, is basically your variable expenses.

As always, for this and all past episodes, click through for the full show notes.