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U.K. Edition
Friday, 14 June 2024

Help Coming For Small Business Owners Thanks To PHL COVID-19 Relief Fund.

Credit: CBS 3 Philly
Duration: 02:26s 0 shares 1 views

Help Coming For Small Business Owners Thanks To PHL COVID-19 Relief Fund.
Help Coming For Small Business Owners Thanks To PHL COVID-19 Relief Fund.
Greg Argos reports.

.SOME BUSINESS OWNERS FEELTHEIR DAYS ARE NUMBERED BECAUSETHEY JUST DON'T HAVE THE MONEYTO STAY OPEN OR REOPEN AT ALL.HELP IS COMING JUST IN TIME FORIN THE THE CITY'S COVID-19RELIEF FUND.GREG ARGOS SPOKE TO ONE OWNERSAYING THE FUNDING IS KEEPINGTHEM AFLOAT FOR NOW.TWO EAGLES CAFE IN SOUTHPHILLY SERVES UP SOME TYPICALDISHES.FRENCH TOAST, PANCAKES,WAFFLES, OP LETS.BUT THE FAMILY WHICH OWNS THEPOINT BREEZE RESTAURANT AT 20THAND REED ALSO MAKES SURE TO SHOWCASE SOME OF THEIR POPULAR ALBANEIAN SPECIAL ACTIVITIES.WE HAVE OUR AL BANEIAN STYLEMEATBALLS.WE ARE A BUSINESS.Reporter: THAT BUSINESSOPENED LESS THAN TWO YEARS AGOAND FOR THE PAST TWO MONTHS THE20 SEATS INSIDE HAVE BEENSTACKED, ALL OPERATIONSHAPPENING AT A SAFE DISTANCEFROM THIS TAKEOUT WINDOW.WE NEVER LET ANYONE INSIDE.Reporter: BUT EVEN WITH THEMODIFICATIONS TO HOW THEYOPERATE, THE OWNER'S DAUGHTERSAYS LIKE MANY SMALL BUSINESSES,SALES ARE WAY DOWN.I'M GOING TO SAY LIKE OVERTHE PAST THREE MONTHS WE'VE LOSTPROBABLY 50 TO 60%.Reporter: FORTUNATELY TWOEAGLES CAFE ALONG WITH 282,000OTHER SMALL BUSINESSES IN THECITY RECEIVING FUNDING FROM THEPHILADELPHIA CORONAVIRUS RELIEFFUND.THERE WERE MORE THAN 7000APPLICANTS WITH A TOTAL BUDGETOF $12.2 MILLION.OWNERS COULD RECEIVE THREE TYPESOF FUND MONEY, LOANS OF UP TO$100,000, SMALL BUSINESS GRANTSOF UP TO 25,000 OR MICROENTERPRISE GRANTS CAPPED AT FIVEGRAND.TWO EAGLES RECEIVED $5,000.WITHOUT THIS MONEY WHAT DOYOU THINK WOULD HAVE HAPPENED.WE PROBABLY WOULD HAVECLOSED.Reporter: NOW SHE ESTIMATESHER FAMILY'S BUSINESS CAN STAYOPEN THROUGH JULY, AND MAYBETHEN THERE WILL BE SOME RETURNTO NORMALCY AND SOME FAMILIARALL BE IT MASKED FACES INSIDETHE CAFE.WE ARE ON A NEIGHBORHOODBUSINESS, LIKE A LOT OF OURCUSTOMERS LIVE DOWN TO BLOCK ORCLOSE BY.Reporter: AS OF LATE LASTWEEK CITY OFFICIALS SAY THERE'SSTILL $3.7 MILLION LEFT IN THEFUND TO DISTRIBUTE, THEY SAYAFTER THAT RUNS OUT THERE WILLBE NO ADDITIONAL MONEY.WE POSTED A LINK ON OUR WEB SITECBS PHILLY.COM IF YOU'D LIKE TOCHECK OUT THE MORE THAN 2,000BUSINESSES THROUGHOUTPHILADELPHIA WHICH HAVE RECEIVEDAID.

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