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Share: COVID-19 has had a huge impact on the economy and has left small businesses worrying about their future. Since the first official announcement of the World Health Organization about the Coronavirus last January, it’s been a very long year and a quarter for American businesses and business owners. The CARES Act was a significant step for recovery, implemented on March 27th of 2020 to provide financial assistance to individuals and business owners facing economic hardship caused by the pandemic. Additionally, the U.S. Small Business Administration (SBA) has also offered several specific programs intended to keep businesses afloat. 1. PPP Loans ....
As the months went on, the Covid pandemic took hold. Former President Donald Trump s xenophobic rhetoric about what he dubbed the China virus spread. Lee was worried about what would happen to the neighborhood and small businesses that were so much a part of her life. I can t lose this community that means so much to me that has helped to shape me as an Asian-American female, Lee recalls feeling. Bloomberg | Bloomberg | Getty Images A closed sign is displayed in the window of a business in the Chinatown neighborhood of New York, U.S., on Wednesday, May 27, 2020. Photographer: Nina Westervelt/Bloomberg via Getty Images ....
Carmelo Ramos was left without a second-draw PPP loan when he gave back the cash because he qualified for more money. Then the program ended unexpectedly. ....
More But in March 2020, when much of the world was adjusting to the growing threat of the pandemic, SDBFC’s owner and staff found themselves struggling as essential workers who could not find essential supplies. “I couldn’t get my hands on any PPE,” said the center’s founder Robin Kaplan. “So, we had gloves, but the masks were out, the cleaning supplies were out; and so, it actually forced us to close down for half of March, all of April and all of May.” Consultations between expectant families or new parents and lactation consultants went virtual, as did the prenatal breastfeed/chestfeed classes taught by Kaplan. Support groups went on hold for the most part even when the center re-opened in May 2020, so although things weren’t completely shut down at the center, it’s hardly been business as usual for the past year. ....