How to get financial help amid coronavirus outbreak

close

Video

How to get financial help amid the coronavirus outbreak

Many people are facing major economic strains as a result of job loss, growing medical bills or any other number of reasons as a consequence of the COVID-19 pandemic. With initiatives being made to lessen the economic burden, here are a number of resources that people can turn to during these uncertain times.

Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.

Coronavirus is taking an economic toll on people and families across the globe.

Be it because of a loss of work, a growing stack of medical bills or any other number of reasons, many individuals are facing economic strains as the virus continues to spread, causing businesses to shut down.

While some states are taking steps to help their citizens maintain financial stability during the outbreak -- such as instilling protections against penalizations for late rent -- there are a handful of resources that people can turn to.

GERMANY'S ANGELA MERKEL IN QUARANTINE AFTER DOCTOR TESTS POSITIVE FOR CORONAVIRUS

The government has set up Benefits.gov, which walks users through various options for benefits and relief during the coronavirus outbreak. The site even has a questionnaire aimed at helping users find which benefits apply to them.

For those that have lost their job, the Department of Labor offers unemployment benefits, which could include extra disaster unemployment assistance.

The U.S. Small Business Association is prepared to help small business and non-profit owners affected by the viral outbreak, offering loans with low interest for up to $2 million in 30 states and Washington D.C.

Similarly, the Jewish Free Loan Association is offering loans to those affected by the outbreak with no attached fees or interest.

Tipped and service workers have the option to turn to One Fair Wage if they've been affected by the coronavirus.

CORE, an organization dedicated to providing resources and support to food and beverage service employees with young ones at home, is offering financial assistance to individuals that have tested positive for COVID-19. Medical documentation is required.

CORONAVIRUS FIGHT IN POLAND SEES GOVERNMENT USING CONFISCATED ALCOHOL AS DISINFECTANT

Restaurants Care currently has grants available for those diagnosed with coronavirus, their caregivers and their immediate family members.

Many businesses across the globe have had to shut their doors and lay off employees amid the coronavirus outbreak. (AP Photo/Oded Balilty)

The Bartender Emergency Assistance Program is offering grants to bartenders or their children that "lack the necessities of life" in times of crisis.

For those that have to pay student loans, Savi and Student Debt Crisis are offering help that could reduce their monthly payments to $0.

The National Domestic Workers Alliance is in high gear and has set up a fund for in-home workers such as nannies and home cleaners.

A large list of organizations offering financial assistance to those in the arts has been compiled by Americans for the Arts. The Actors Fund and MusiCares, among many others, are on the list.