Small business owners were grateful for the loans. They still need more help.
Four small business owners shared their experiences with the Paycheck Protection Program during the pandemic.
Genevieve Villamora, co-owner of the Washington, D.C., restaurant Bad Saint, works in July of 2019. While a PPP loan from the government has kept the famed restaurant afloat, the program is coming to a close without plans for next steps. While a PPP loan from the government has kept the famed restaurant afloat, the program is coming to a close without plans for next steps.
The program, not without its faults, has helped more than 5 million businesses but to varying degrees -- some ran out of money within a month, with others stretching their loans a bit longer. As local economies gradually reopen during the pandemic, the return of walk-up customers is helping small businesses financially, but owners worry about the resurgence of covid-19 cases."People are incredibly resilient and resourceful, but all of their resourcefulness and new business ideas for streams of revenue will come to naught if the pandemic continues to worsen," Villamora said.
Kathleen Donahue’s store, Labyrinth Games & Puzzles, has reopened for limited in-store shopping but is seeing just a fraction of pre-pandemic foot traffic. Small business owners Mia and Okera Stewart of Washington, D.C., say the coronavirus pandemic and looting during recent protests have dealt a financial blow that is testing their ability to remain open.
Brey said he was grateful for PPP but that small business owners still needed lawmakers to be more"forward looking."
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
What Congress got right with PPP, and what it should do next for small businessesThe controversial PPP deserves a closer look to see what worked and what didn’t.
続きを読む »
Lawmakers’ Efforts to Restart PPP Stalled by Broader FightThe deadline for small businesses to apply for forgivable loans from the Paycheck Protection Program is Saturday, but bipartisan efforts to extend the program have been hampered by the slow pace of talks.
続きを読む »
What Congress got right with PPP, and what it should do next for small businessesThe controversial PPP deserves a closer look to see what worked and what didn’t.
続きを読む »
How these small businesses are surviving during the coronavirus pandemicThree women-led small businesses are revamping their strategies and finding ways to bring in new revenue amid the coronavirus pandemic.
続きを読む »
New York attorney general seeks to shut down NRANew York's attorney general filed a lawsuit to shut down the NRA after an 18-month investigation highlighting allegations that high-ranking executives diverted millions of dollars for lavish personal trips and other questionable expenditures.
続きを読む »