NEW YORK — The rent has come due for America’s small businesses and at a very inopportune time. Landlords were lenient about rent payments during the first...
Many landlords who were lenient during the first two years of the pandemic now want back rent and are raising current rates as well.
“I needed $10,000 in 15 days,” Garcia said. He took whatever loans he could find — often at high interest rates — and barely met the deadline. “Many small businesses are still frankly recovering from whatever the last phase of COVID was,” said Chuck Casto, head of corporate communications at Alignable. “Plus, they’re dealing with a years’ worth of increasing inflation on top of that. It’s made it difficult for small businesses to really make a go of it.”
“Payroll is up, labor is up, the cost of goods is up, utilities are going up,” Lacoste said. “I’m wearing 20 hats instead of 10, and working six days a week, 12 hours a day.”“You’re working for the landlord. How long do you want to do that? How long will you survive?” she said. “It’s not sustainable.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Officials sue to halt sales of ghost guns to New Yorkers - New York Amsterdam NewsNew York City and state officials announced lawsuits Wednesday against 10 sellers of gun parts that the officials said can be assembled into untraceable ghost guns and sold without background checks. State Attorney General Letitia James and [...]
Read more »
July 4th fireworks light up sky above New York and New JerseyMassive crowds gathered along the East River in New York City and along the waterfronts of Lower Manhattan and Hudson County, N.J., to watch separate fireworks shows on Monday night.
Read more »
New Biomarker Data Add to Concerns Over REDUCE-IT TrialA new analysis of the REDUCE-IT study has reignited concerns that the benefit shown by the high-dose fish oil product in the study, icosapent ethyl, may have been related to harms caused by the placebo mineral oil.
Read more »
The Knicks take a calculated risk in free agent targets - New York Amsterdam NewsAlthough NBA teams and free agents can begin negotiating at 6 p.m. today, one would be naive to believe that discussions haven’t already begun through back channels.
Read more »
The long, ongoing debate over ‘All men are created equal’ - New York Amsterdam NewsFew words in American history are invoked as often as those from the preamble to the Declaration of Independence, published nearly 250 years ago. And few are more difficult to define.
Read more »