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

November 18, 2020

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 even if a deal is reached, it's far too late to help save as many as 100,000 small businesses that have been forced to close while waiting for more help, like The Funky Sister. "Many small businesses are drowning right now," said Sung Won Sohn, an economist at Loyola Marymount University in Los Angeles. "When you shut businesses down, I don't care what side of the aisle you're on, you got to help them get back up," he said.