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Brooklyn’s Diverse Business Owners Go on a Global Hunt for Cash From Family, Friends

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Small businesses usually struggle with cash, and for those owned by minorities and immigrants, the risks are higher because they are often cut off from traditional lending sources. Here is how one neighborhood is coping.

Aug. 5, 2020 9:00 am ET

Brooklyn’s Fifth Avenue was a ghost town all spring, erupted with Black Lives Matter protests at the start of summer and has now been transformed into a lively outdoor dining room as restaurants and bars spill out into the street. The evolution is a relief to residents and businesses. But it has forced many owners to scramble for cash to build outdoor patios, buy inventory and rehire workers. For the Park Slope neighborhood’s many Black-, Hispanic- and immigrant-owned businesses, that meant tapping informal networks of friends...

 

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Small-business owners have until Aug. 8 to apply for paycheck protection loansThe clock is ticking on the Paycheck Protection Program. The last day to apply for a federal forgivable loan is Aug. 8. Whats the whole point of applying when the wealthy are walking aways with millions and leaving small businesses with only a couple of dollars. TAKE BACK PPP money given to BILLIONAIRES kanyewest elonmusk and fund unemployment STOP spending OUR TAX money for FRIENDS of trump THIS IS OUR MONEY NOT YOURS and it should be there when WE need it!!! It is urgent. Don't forget the last chance to do non-violate wealth robbery as the followed guys did.
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How business owners can cut costs and prepare their companies for an uncertain future - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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