CNN
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At Teddy & The Bully Bar restaurant close to downtown Washington, DC, enterprise has by no means been the identical because the pandemic hit.
“It’s very challenging,” proprietor Alan Popovsky mentioned. “I’m still going to be climbing the hill for quite some time. Probably for the rest of my life.”
The pandemic closed two of Popovsky’s 4 eating places within the space. He mentioned authorities loans saved the opposite two. But with metropolis facilities struggling to carry again commuters and foot site visitors, he mentioned income remains to be down greater than 45%, and so they’re preventing to remain open.
To make issues worse, it’s time to begin paying again these loans.
“We just got over paying back the landlord,” Popovsky mentioned. “It’s really a feeling that you’re just a hamster spinning on a wheel.”
At the beginning of the pandemic, as enterprise stalled, practically 3.8 million small enterprise…
2023-01-13 07:58:04 Paying again Covid loans is hammering hundreds of thousands of companies
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