The resurgence of COVID-19 across the country this summer has deepened anxiety for millions of American small business owners who face another imminent cash crunch in their battle to survive a historic pandemic.
In May, Eastman received a $120,000 PPP loan to help keep five full-time staff on payroll and pay for rent and utilities. He says those funds run dry in less than two weeks; his only revenue is from T-shirt sales and online donations.MORE: Here’s how small businesses threatened by COVID-19 are surviving the pandemic
Karen G. Mills, former Small Business Administrator who helped guide the recovery from the 2008 Great Recession, predicts as many as 20-30% of all American small businesses could close for good during the pandemic. "I think there needs to be more of a streamlined process to allow us access to these funds," Stewart said."It should have happened months ago, and here we are still waiting. It’s July."
Among them are major restaurant chains like P.F. Chang’s China Bistro; hedge funds; real estate firms; and clothing lines, including Kanye West’s sneaker brand Yeezy LLC.
Is that because trump and his GOP gave all the money to billionaires? Have you thought about voting out trump? Biden2020Landslide BidenPledgesAllegianceToUs
This virus isn't going away anytime soon. Loans aren't going to keep you afloat.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bolivia's interim president has COVID-19 but ‘feels strong’Interim Bolivian President Jeanine Áñez says she has tested positive for the coronavirus, becoming the third Latin American leader to be infected in recent weeks. Áñez says she feels good and will work in isolation. Worst. Hoax. Ever. Karma. Being part of an illegal coup will get you karma sooner or later. Interim president is literally a person who is self proclaim as president...
Source: AP - 🏆 728. / 51 Read more »
Disney World reopening: Passholder preview provides sneak peek at new COVID-19 precautionsAs Disney World welcomed passholders for a preview ahead of Saturday's reopening, fans were pleased with the park's new COVID-19 precautions. What a waste of money. Where is Corona ride I'll wait for the vaccine
Source: USATODAY - 🏆 100. / 63 Read more »
What You Should Do While You Wait for Covid-19 Test ResultsWith longer turnaround times for coronavirus tests, what individuals do while they wait has serious implications for the continued spread of the virus, doctors and public-health officials said. Take up knitting! (of face masks) And long wait times for appointments. It’s a mess. Watch for America to be miraculously delivered of all threat from the Wuhan Corona Virus when Joe Biden wins!! 🦠 Face masks will disappear even before States certify their election results!! Proving that CoVid19 is more about politics than pandemic!!
Source: WSJ - 🏆 98. / 63 Read more »
Belgians holiday in trees as COVID-19 prompts staycationsRather than take a summer holiday abroad during the coronavirus pandemic, some Belgians are trying a novel camping experience at home, spending a night in a tear drop-shaped tent hanging from a tree. Not a fucking chance Sleeping in a testicle David_Mosier
Source: Reuters - 🏆 2. / 97 Read more »
How the music business is faring amid the COVID-19 pandemicNielsen Music's midyear report shows hip-hop and R&B dominate the streaming market, and albums by men account for nine of 2020's 10 biggest records so far.
Source: latimes - 🏆 11. / 82 Read more »
Researchers Say Protests Didn't Increase Covid-19 Spread—But Republicans Are Still Blaming ThemResearchers have found no clear link between recent social protests and Covid-19 spikes, despite what many in Washington are saying This is hilarious Masks, masks, masks, the overwhelmingly wore MASKS!
Source: Forbes - 🏆 394. / 53 Read more »