It was terrifying, said the 44-year-old Parks, who had been in business for only six months before the crisis hit.
She took advantage of as many programs as she could state funding, and Economic Injury Disaster Loan and the Paycheck Protection Program. Yet it wasn t enough to cover all of her overhead costs, including rent, insurance and utilities.
In April, she slowly started to reopen: one night a week and at a very small capacity making enough to pay for the staff, musicians and inventory for the evening.
Lucius Pham
xBk, a performance theater in Des Moines, Iowa was closed for more than a year during the pandemic.
As Small Businesses Slowly Recover, Financial Help Becomes More Targeted Here s What s Available nbcnewyork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcnewyork.com Daily Mail and Mail on Sunday newspapers.
Main Street s Sentiment Splits Into 2021 As Small Businesses Await More Uncertainty benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Out of the 36 responses, 19 business leaders, or 53%, said they are doing slightly or much worse than pre-pandemic compared to 15 business leaders, or 42%, who say they are doing slightly or much better and two, or 5%, who say they are doing the same.