-- Gino's Pastry Shop on Arthur Avenue is best known for a few things -- from its homemade authentic treats to the quality time people have enjoying them.
It's a 63-year-old family business and it's legendary on the block. However, Raguso is now on the verge of closing his doors because of financial setbacks from the pandemic. Expenses piled up for the beloved shop, so it turned to the Department of Small Business Services for help. "If you got that money from those loans, would you be in the same financial place right now?" CBS2 asked.Other small businesses across the Bronx were also denied loans, too. A report from the city Comptroller's Office says the Bronx received the least amount of loans and the smallest dollar amount distributed. The report also says the borough accounts for 7.7% of the city's small businesses, but only received 2.2% of the SBS loans.
Rob Walsh, the interim president of The Bronx Overall Economic Development Corporation, says the city turned its back on the Bronx.