Event Source lost 95 percent of its business in 2020 and had to sell its 150,000-square-foot facility where it stores and processes its rental equipment to an investor for $4 million less than what it was worth to cover a bank note that came due. He got some PPP funds but still had to take out other loans, increasing his debt load from around $100,000 before the pandemic to now more than $600,000. Business has begun to pick up, but Kirby said he’ll have to evaluate within a few months whether he can keep https://www.treadmillsandellipticalmachines.com/ the business running or would be better off selling. But then the pandemic hit and his revenues were down 50 percent while his expenses decreased by only 10 percent. He went a year without adding a new resident, at one point shutting down an entire wing of his facility because of empty beds. Under that … Read More
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Ostensibly, the agency can reduce each grant proportionally to ensure all applicants get at least a sliver of what they asked for, but the money is expected to run out quickly. Several small-business owners who spoke with CQ Roll Call would qualify for aid under the House bill but not the Senate version.
Thomas traded in a $100,000 life insurance policy he’d been making payments on for 30 years for $19,000, cut cable and other personal expenses and took advantage of forbearance on his mortgage and other personal debt so he could keep the business running. Kirby got some help from the Paycheck Protection Program, enacted in early 2020 to back forgivable loans so small businesses could keep employees on payroll. But the vast majority of assisted living facilities did not qualify for PPP loans, Elehwany said. He added that 99 percent of companies in Germany are small and medium-sized … Read More
CHAMPAIGN — Champaign County Crime Stoppers needs the public’s help finding the person who entered two Rantoul businesses after hours and caused damage. Police are seeking this person in a break-in April 5 at two adjacent businesses in Rantoul. “We are thankful that all of the staff and members that took shelter at the branch at the time of the storm were not injured,” the YMCA said. The Greater Wichita YMCA late Friday night issued a statement, expressing thankfulness that no one at the Andover facility when the tornado hit was injured. As expected, the YMCA said the Andover branch will be closed until further notice. What started as a funnel, eventually touching down as a small rope tornado near Andover Friday night gained momentum and grew to a large cone that caused extensive damage throughout the Wichita suburb.
He added that among the 900,000 companies that are members of … Read More
As lawmakers attempt another, final round of small-business aid, many owners and industry representatives worry they’ll be left out. These and other small-business owners around the country, including some of those most affected by pandemic-era lockdowns, have seen little financial aid from Washington over the past two years. That’s despite policymakers enacting multiple COVID-19 relief packages totaling over $5 trillion. Over the years, his Dad, his wife and his daughter have assisted him in making Bobby Brown Bail Bonds one of the most successful and well known bail bond https://www.wikipedia.org/ in the country.
Making matters worse, Peck said, is that most agencies still work on a commission basis and don’t get paid by cruise lines, airlines and other suppliers until the travel they book successfully concludes. “It was the hardest day in my Adventureland career to tell these guys … we have to take a pay cut,” Gentile said, noting … Read More