Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Yo_Mama_Been_Loggin

(107,111 posts)
Sun Apr 26, 2020, 03:19 PM Apr 2020

Bellingham small-business owners struggle to find financing during coronavirus changes

As the days continue to blend together and everyone wonders when and how we will get through this coronavirus pandemic, adapting to the changes and remaining optimistic are emerging as key character traits.

That’s particularly true with small-business owners, who face uncertainty they couldn’t imagine a few months ago. Many local stores and shops have now been closed for over a month, while others are limping along with trimmed-down services just to keep some revenue coming in.

Not only do they miss seeing their customers, but these owners are stressed about the very real possibility of bankruptcy and losing what they love to do. Asking for and getting financial help has been a frustrating experience: Rules continue to change, aid programs are overwhelmed quickly, the paperwork piles up.

Small businesses play a large role in Whatcom’s economy. In a recent study by SmartAsset, Whatcom ranked third highest in its Small Business Index in Washington state and No. 202 in the U.S. The index looked at several factors, including small-business concentration and income generated by those small businesses.

https://www.msn.com/en-us/money/smallbusiness/bellingham-small-business-owners-struggle-to-find-financing-during-coronavirus-changes/ar-BB13dH5V?ocid=hplocalnews

1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Bellingham small-business owners struggle to find financing during coronavirus changes (Original Post) Yo_Mama_Been_Loggin Apr 2020 OP
The state should help jimfields33 Apr 2020 #1

jimfields33

(15,473 posts)
1. The state should help
Sun Apr 26, 2020, 04:48 PM
Apr 2020

Seattle itself got billions in aide. Hopefully this place does too. Seattle’s came from federal government. But obviously not every city will get federal funding. So the statexwill have to help. Large cities will get help from the house.

Latest Discussions»Region Forums»Washington»Bellingham small-business...