Coronavirus New York virus outbreak pandemic Coronavirus New York

With loan money gone, restaurants are at mercy of coronavirus

NEW YORK : The check has arrived and beleaguered restaurant owners across America are looking down on their empty wallets.Government covronavirus loans in the spring helped eating establishments rehire laid-off employees and ride out the pandemic's initial surge and wave of shutdown orders.But that Paycheck Protection Program money has now been spent at many restaurants, leaving them in the same precarious position they were in during outbreak's early days: Thousands of restaurants are being forced to close down again on mandates from state and local officials combating the virus' resurgence, particularly in the South and West.And even in parts of the country where the outbreak appears contained, restaurants' revenue is far below normal..

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Breaking news
Shift towards online consultations spurs growth in e-health startups
US coronavirus 'extraordinarily widespread', say White House experts
Auto sector may continue to come under covid pressure amid curbs