Beloved businesses are going bankrupt waiting for federal help. It will get worse

By Benjy Sarlin and Stephanie Ruhle: For Entire Post, Go Here…

Last Friday, as Americans waited to learn who their next president would be, Debbe Andrews-Lewis of Lincoln, Nebraska, knew her life was about to change either way. At the end of the day, she would lose her boutique, The Funky Sister.

She had built it from scratch to honor her late husband’s memory — they had always wanted to run a store together in retirement. She found quick success selling antiques and oddball items, which allowed her to expand the business and hire her daughter, who took her young son to work every day.

But then the Covid-19 pandemic hit, shuttering the store for two months last spring. When Andrews-Lewis reopened, a loan from the Paycheck Protection Program — part of the emergency relief bill passed by Congress in March and signed into law by President Donald Trump — covered only a brief stretch of her daughter’s salary.

She hoped for more help from Washington, but it never came. And with street traffic way down, more residents buying online and little sign of improvement on the horizon, it was no longer tenable to continue.

“When I looked at the lease, I just couldn’t justify allotting another $100,000 for rent and utilities for three years,” she said.

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