Small Businesses Hurt by Coronavirus Are Offered Loans and Grants

Currently all of the the United States small businesses are beginning to struggle especially in areas where a lot of tourist arrive. Emanuele Nigro a restaurant owner in New York has seen his reservations plunge and is down 30% compared to his previous week. Locals in the area are saying they are moving away from the city or are planning to stay indoors to avoid potential exposure to the Coronavirus. In order to combat slow business Mr. Nigro has tried to lower his delivery prices to encourage people that are staying home to order food for convenience. New York is a difficult place to survive in because many busniesses rely on "heavy volume and low profit margins" and when this occurs it makes it extremley difficult for any type of small business to truly survive. For this reason New York is offering intrest free loans and cash grants to small businesses in an effort to help them out during these tough periods. It is especially difficult for these small businesses in New York because they still have to pay expensive rent all while tourists and business is down. Many small business owners hope that peoples confidence does not go too far down because all their hard work is in jeopardy because of the Coronavirus.