It's becoming clear that the Paycheck Protection Program loans won't be enough to save many small businesses as the coronavirus pandemic continues for longer than most people, including the lawmakers who drew up the economic stimulus bill, expected.
Washington Wagner Opticians had been around for 50 years when Covid-19 hit. It took less than two months for the pandemic to put the family-run shop in Washington, DC, out of business.
At first, owner Dianna Finisecy, who goes by Dee Dee, felt she should stay open, but reduce hours to limit her and her workers' exposure to customers. The shop, which shared a building with a hospital, was frequented by doctors and nurses, but business still slowed and she wasn't bringing in enough to make rent. Finisecy closed for good at the end of April, bringing some frames home with her and calling up 1-800-Junk to pick up the rest."It's an awful way to go," she said.
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