“Water, water, everywhere, nor any drop to drink” is a line from the poem, “The Rime of the Ancient Mariner,” written by Samuel Coleridge and published in 1798. Unfortunately, in 2021, it aptly sums up the situation that has been facing small businesses in Hampton Roads when it comes to access to capital. While there are funds available for lending, there is a paucity of resources available for smaller and/or startup businesses.

   As the year progresses, many of us are starting to see COVID in our rearview mirror. The percentage of people receiving at least one vaccination is approaching 70%; herd immunity is increasing; masks are disappearing; restrictions on crowd sizes are easing; even New York state, after 474 days, has finally declared an end to its state of emergency. Locally, the latest survey from the Retail Alliance shows signs of increasing optimism in our local business community. Europe has even reopened to outside visitors. The only thing left to do, start singing a resounding rendition of “Happy Days Are Here Again!”

With the formation of Tropical Storm/Hurri­cane Elsa in the Atlantic Ocean, the annual "will it or won't it" speculation begins. Small-business owners must begin, if they have not already done so, to look at how a tropical storm or hurricane might affect their business and what options are available to them.