Owners of an Oakland restaurant reopened their business after lockdown in large part due to a two-month payroll loan aimed at tiding over small firms during the worst of the COVID-19 crisis. But the future of their once-crowded eatery is unclear
FILE PHOTO: Jesse Turner, a line cook of three years at Farley’s East cafe, that closed due to the financial crisis caused by the coronavirus disease , carries donated food items after being laid off from the cafe in Oakland, California, U.S. March 18, 2020. REUTERS/Shannon Stapleton
Even then dine-in seating is likely to be curtailed to limit the virus’ spread, and grave doubts remain over how quickly consumer spending decimated by an unprecedented surge in unemployment could pick back up. The Hillyard’s restaurant is one of millions of small businesses in the United States facing an uncertain future after the new coronavirus shut down shops, restaurants, schools and travel in the world’s biggest consumer economy. Over the next 12 months, Reuters will chronicle the journey of several small businesses owners around the U.S.
The money was exhausted within two weeks. Congress added an additional $310 billion to the program in late April, of which about $191 billion has been allocated so far. All told, they pulled in about $15,000 for their efforts, compared with their typical pre-crisis monthly sales of $200,000.
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