Economics
Stimulus May Be Too Late for Many After 50,000 U.S. Stores Close
- Some small companies, families lack cash to stay afloat long
- Getting loans out, checks processed still could take weeks
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The economic peril from the coronavirus is growing more stark every day, and the $2 trillion stimulus may not deliver a rescue in time for the many small businesses and families who lack the cash to stay afloat for more than a week or two.
Many businesses shut their doors either for a lack of customers or on orders from state or local governments as emergency declarations began rolling across the country in mid-March,. Yet it could be weeks more before the business loans, bigger unemployment checks and direct payments to individuals from the stimulus plan flow into the economy.