Beloved businesses are going bankrupt waiting for federal help
0Source: NBC News
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.