A restaurant closes its dining room. Its staff, suppliers and lenders all feel the pain.
Allie and Chris Lyons, the owners of a popular farm-to-table restaurant called Table 20 in Cartersville, Ga., have done the math. In two weeks, they expect to have just $6,000 in cash, after covering payroll, insurance and rent.
The first coronavirus infections in the Cartersville area were confirmed on March 11. Amid calls for social distancing and with sales plummeting, the couple on Monday laid off all but two of their dozen employees. They have asked their landlord and lenders for relief. They have canceled orders on everything...
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Small Businesses To Washington: Please Send Money Soon Or We Won't SurviveMany small businesses around the U.S. are on the verge of collapsing. 'This is my entire life's work,' said one Virginia business owner. 'Really in a matter of weeks, we could reach a critical point.'
Read more »
FDIC Seeks Breathing Room For Banks To Help Small Businesses Survive The CoronavirusFDIC chairman Jelena McWilliams on Thursday asked the Financial Accounting Standards Board to either delay or rollback its new current expected credit losses (CECL) accounting rules.
Read more »
'Hell is here' — 'Shark Tank' investor Herjavec's mandate for small businesses 'is survival'Robert Herjavec, cybersecurity entrepreneur and 'Shark Tank' investor, told CNBC that his directive to small businesses is to do whatever it takes to survive.
Read more »
Conan Gray Hits a Small Town CrescendoThe YouTuber-turned-singer is taking dream pop to new, meta-level heights.
Read more »
What scientists learned after firing a small cannonball into a near-Earth asteroidJapan Aerospace Exploration Agency's Hayabusa2 spacecraft fired a copper cannonball a little bigger than a tennis ball into a near-Earth asteroid named Ryugu. Now, scientists have had a chance to analyze the data to learn more about this asteroid some 195 million miles away.
Read more »